Stock To Watch: New Residential Investment Corp. (NYSE:NRZ)


The leading market experts have placed a mean price target of $15.39 on New Residential Investment Corp. (NYSE:NRZ) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.00 a share for the upcoming quarter and $1.72 for the current fiscal. Technical View The technical analysis of New Residential Investment Corp plainly substantiates that the 50-day moving average of New Residential Investment Corp is $13.38, and stock is hovering 0.09 or +0.71% distant from $13.38. It is noted that the 200-day MA is $12.11, and New Residential Investment Corp stock is $1.36 or +11.26% off from this point. New Residential Investment Corp. (NYSE:NRZ) 52-week high is $15.95 and the 52-week low is $9.07. This explains if the stock moves $-2.48, it will post a 52-week high. In event of $+48.51% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of New Residential Investment Corp, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, New Residential Investment Corp. (NYSE:NRZ) ratio came in at 8.83. The stock last ended the trading session at $13.47 and registered a market cap of $3.10B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. New Residential Investment Corp. (NYSE:NRZ) PEG ratio is at 0.00.

1 Chart Pattern Every Investor Should Know

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