Price Target Watch: Transocean Ltd. (NYSE:RIG), Marvell Technology Group Ltd. (NASDAQ:MRVL)

Price Target Watch: Transocean Ltd. (NYSE:RIG), Marvell Technology Group Ltd. (NASDAQ:MRVL)

The Wall Street analysts who cover Transocean Ltd. (NYSE:RIG) shares are providing price target projections on the company. They project that the shares will move to $9.476 within the upcoming year. The number they've arrived at is calculated by Zacks.com, long known as a provider of top-notch investment research. From the analysts polled by Zack's Research, the highest estimate stands at $14 and the lowest is at $4.65 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. Transocean Ltd. (NYSE:RIG)'s shares currently have an ABR of 3.64.

During this fiscal period, Street analysts are projecting $0.13 earnings/share. This represents the current Zacks consensus EPS. For the period which closed on 2016-06-30, Transocean Ltd. (NYSE:RIG) dialed in an EPS of $0.17, creating a Surprise Factor of 1800% (the difference between analyst projections and actual numbers). Curious investors will be awaiting 2016-11-02, the date when Transocean Ltd. (NYSE:RIG) will release their quarterly results.

The Wall Street analysts who cover Marvell Technology Group Ltd. (NASDAQ:MRVL) shares are providing price target projections on the company. They project that the shares will move to $13.625 within the upcoming year. The number they've arrived at is calculated by Zacks.com, long known as a provider of top-notch investment research. From the analysts polled by Zack's Research, the highest estimate stands at $17.5 and the lowest is at $9 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. Marvell Technology Group Ltd. (NASDAQ:MRVL)'s shares currently have an ABR of 2.4.

During this fiscal period, Street analysts are projecting $0.05 earnings/share. This represents the current Zacks consensus EPS. For the period which closed on 2016-07-31, Marvell Technology Group Ltd. (NASDAQ:MRVL) dialed in an EPS of $0.11, creating a Surprise Factor of 83.33% (the difference between analyst projections and actual numbers). Curious investors will be awaiting 2016-12-05, the date when Marvell Technology Group Ltd. (NASDAQ:MRVL) will release their quarterly results.

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