Published: Wed, December 06, 2017
Money | By Armando Alvarado

Rio Tinto (RIO) Earns Overweight Rating from JP Morgan Chase & Co

Rio Tinto (RIO) Earns Overweight Rating from JP Morgan Chase & Co

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the USA print edition of The Wall Street Journal (December 4, 2017). Denver Investment Advisors Llc sold 101,448 shares as Emerson Electric Co (EMR)'s stock declined 4.02%. The stock increased 4.20% or $1.51 during the last trading session, reaching $37.45. About 296,691 shares traded or 181.17% up from the average. Rio Tinto plc (LON:RIO) has 0.00% since December 5, 2016 and is. It has outperformed by 68.46% the S&P500.

Analysts await Advanced Emissions Solutions, Inc. They expect $0.53 EPS, up 8.16% or $0.04 from last year's $0.49 per share. UFPT's profit will be $2.83M for 16.83 P/E if the $0.39 EPS becomes a reality. Northpointe Capital Llc, a Michigan-based fund reported 461,049 shares. H.C. Wainwright has "Buy" rating and $1800 target. Therefore 70% are positive. Rio Tinto PLC had 514 analyst reports since July 23, 2015 according to SRatingsIntel. (NASDAQ:ADES) rating on Wednesday, August 9. Piper Jaffray has "Hold" rating and $31.0 target. The firm earned "Buy" rating on Tuesday, September 26 by Canaccord Genuity.

World's second largest miner Rio Tinto (ASX, LON, NYSE:RIO) ended Monday a nine-month search for a new chairman, announcing industry veteran Simon Thompson as the person who will assume the post in March. The stock has "Overweight" rating by Barclays Capital on Friday, July 14. The rating was maintained by UBS with "Buy" on Tuesday, February 7.

Ufp Technologies Inc (NASDAQ:UFPT) institutional sentiment increased to 2.56 in 2017 Q2. Its up 0.12, from 0.88 in 2017Q1. Thomson Horstmann & Bryant Inc owns 445,876 shares or 1.63% of their United States portfolio. Moors & Cabot owns 51,515 shares for 0.51% of their portfolio. Principal Gp Incorporated invested in 274,513 shares or 0.01% of the stock. Korea Invest stated it has 0.07% of its portfolio in Emerson Electric Co.

British-born Thompson, now the chairman of the company's remuneration committee, joined Rio Tinto's board as a non-executive director in 2014. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. It has a 21.34 P/E ratio.

A number of other brokerages have also recently commented on RIO.

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Among 29 analysts covering Rio Tinto PLC (LON:RIO), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 100% are positive. The stock has a consensus rating of "Buy" and a consensus price target of GBX 3,954.75 ($53.23). They now have a GBX 4,200 ($56.53) target price on the stock. Raven Industries had 10 analyst reports since March 11, 2016 according to SRatingsIntel. The stock of Rio Tinto plc (LON:RIO) earned "Neutral" rating by Credit Suisse on Tuesday, December 15.

Rio Tinto plc has a 50 day moving average of 3,640.85 GBX and a 200 Day Moving Average share price is recorded at 3,422.67. The rating was maintained by Barclays Capital on Tuesday, July 4 with "Overweight". Macquarie restated an outperform rating and issued a GBX 4,500 ($60.57) price objective on shares of Rio Tinto in a report on Wednesday, August 30th. The stock has "Buy" rating by FinnCap on Tuesday, April 18.

The stock decreased 1.20% or GBX 42.5 during the last trading session, reaching GBX 3497.5. About 226,830 shares traded.

Rio Tinto on Monday also reduced its forecast for capital expenditure, putting 2017 capex at less than $4.5 billion from an earlier forecast of $5 billion, as it focuses on boosting shareholder returns. It has underperformed by 16.70% the S&P500.

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