Why New Residential Investment Corp. (NYSE:NRZ) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.390 on New Residential Investment Corp. (NYSE:NRZ) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.720 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of New Residential Investment Corp. (NYSE:NRZ) stands at 9.986.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For New Residential Investment Corp, the PEG ratio for coming 3-5 years is 0.000.

Technical Analysis

The technical analysis highlights that New Residential Investment Corp current is trading $1.176 points away or +8.755% from its 50-day moving average of $13.433. Further it is trading $2.260 or +18.306% away its 200-day moving average of $12.349.

The 52-week high of New Residential Investment Corp. (NYSE:NRZ) was $15.250 while lowest point recorded in 52-week was $9.070. It implies if stock price makes a movement of over $-0.641, it will record a new 52-week high. In the case of +61.069% drop, it will touch a new 52-week low.

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