Price Target Review: First Solar, Inc. (NASDAQ:FSLR), Range Resources Corporation (NYSE:RRC), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

In the most recent session, First Solar, Inc. (NASDAQ:FSLR) shares have traded -1.50%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $-4.92 away from the 50-day moving average of $39.74 and $-17.06 away from the 200-day moving average of $51.88. From a different angle, the stock has been recently recorded -53.13% off of the 52-week high of 74.29 and +1.31% removed from the 52-week low of 34.37. 

Currently, First Solar, Inc. has a price to earnings ratio of 5.13. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of -0.47.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $54.74 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

The Wall Street analysts who cover Range Resources Corporation (NYSE:RRC) shares are providing price target projections on the company. They project that the shares will move to $49.7 within the upcoming year. The number they've arrived at is calculated by, long known as a provider of top-notch investment research. From the analysts polled by Zack's Research, the highest estimate stands at $62 and the lowest is at $34 for the stock.

Analyst Ratings In View

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for institutions and retail investors alike. This the calculated average of the actual recommendations (strong buy, hold, sell etc.) made for a given stock. The ABR is typically displayed with decimals (e.g. 1.52) versus the Zacks Rank, which is only shown in whole numbers (e.g. 1, 2, 3, etc.). This simplifies brokerage recommendations, which can become complicated. Range Resources Corporation (NYSE:RRC)'s shares currently have an ABR of 2.

During this fiscal period, Street analysts are projecting $-0.21 earnings/share. This represents the current Zacks consensus EPS. For the period which closed on 2016-06-30, Range Resources Corporation (NYSE:RRC) dialed in an EPS of $-0.21, creating a Surprise Factor of 27.59% (the difference between analyst projections and actual numbers). Curious investors will be awaiting 2016-10-26, the date when Range Resources Corporation (NYSE:RRC) will release their quarterly results.

Wall Street sell-side research analysts covering J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $89.461 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $96 while the most conservative estimate stand at $77.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover J.B. Hunt Transport Services, Inc.. They give the company shares an ABR of 1.88. This is based on the 13 analysts taken into consideration by Zacks.

Earnings Estimates for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Currently, Wall Street is projecting that the firm will post $1.03 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-06-30, J.B. Hunt Transport Services, Inc.'s EPS was reported as $0.92. This created a “surprise factor” -4.17% due to being $-0.04 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2016-10-12, the date when J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) are expected to release their quarterly results.