Sprint Corp (S) Receives $5.90 Average Price Target from Analysts

Sprint Corp (NYSE:S) has been given a consensus rating of “Hold” by the twenty-five ratings firms that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.94.

A number of research firms have weighed in on S. TheStreet raised Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Citigroup reaffirmed a “neutral” rating and set a $6.50 target price (down previously from $7.50) on shares of Sprint in a report on Thursday. Cowen reaffirmed a “hold” rating on shares of Sprint in a report on Monday, February 5th. Robert W. Baird reaffirmed a “hold” rating and set a $6.00 target price on shares of Sprint in a report on Friday, February 2nd. Finally, Bank of America lifted their target price on Sprint from $2.60 to $3.00 and gave the company an “underperform” rating in a report on Monday, February 5th.

In other news, major shareholder Group Corp Softbank bought 2,633,814 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $5.98 per share, with a total value of $15,750,207.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jorge Enrique Gracia sold 112,959 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $6.18, for a total value of $698,086.62. Following the completion of the sale, the insider now directly owns 858,383 shares of the company’s stock, valued at approximately $5,304,806.94. The disclosure for this sale can be found here. In the last three months, insiders have bought 58,397,765 shares of company stock valued at $336,943,820 and have sold 549,707 shares valued at $3,196,239. 0.18% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of S. BlackRock Inc. boosted its stake in Sprint by 19.8% in the fourth quarter. BlackRock Inc. now owns 43,490,226 shares of the cell phone carrier’s stock worth $256,158,000 after buying an additional 7,188,919 shares in the last quarter. Janus Henderson Group PLC lifted its position in Sprint by 6,509.8% in the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after purchasing an additional 7,070,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Sprint by 1,182.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock valued at $9,609,000 after purchasing an additional 1,138,942 shares during the last quarter. SG Americas Securities LLC lifted its position in Sprint by 453.2% in the fourth quarter. SG Americas Securities LLC now owns 1,109,501 shares of the cell phone carrier’s stock valued at $6,535,000 after purchasing an additional 908,943 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Sprint in the fourth quarter valued at approximately $4,469,000. 13.77% of the stock is owned by institutional investors and hedge funds.

Shares of Sprint (NYSE:S) traded down $0.03 during trading on Wednesday, reaching $5.27. The company had a trading volume of 7,368,459 shares, compared to its average volume of 19,370,000. Sprint has a fifty-two week low of $4.91 and a fifty-two week high of $9.44. The company has a market cap of $21,100.00, a PE ratio of 3.05 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25.

Sprint (NYSE:S) last announced its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.46) EPS. research analysts predict that Sprint will post 1.76 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/12/sprint-corp-s-receives-5-90-average-price-target-from-analysts.html.

About Sprint

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

Analyst Recommendations for Sprint (NYSE:S)

Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply