Analyst Target Price & Stock Review on Illumina, Inc. (NASDAQ:ILMN), Ross Stores, Inc. (NASDAQ:ROST), Chevron Corporation (NYSE:CVX)


Illumina, Inc. (NASDAQ:ILMN) shares are trading +0.01% thus far today and have traded in the range of 182.01 – 186.61 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $155.67 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $0.00 for the next fiscal quarter. For the current year, analysts are predicting earnings of $3.53 per share according to First Call.

Stock Technicals in Focus

In looking at where the stock is trading on a technical level, the stock is trading +5.26% away from its 50 day moving average of $173.13. Based on the most recent available data, the equity is -7.24% off of its 52-week high of $196.47 and +43.39% away from its 52-week low which is $127.10. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 62.41. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at N/A. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is N/A.

Today, the stock opened at $182.38 and the last bid at the time of writing stood at $182.25. During the session thus far, the equity dipped down to $182.01 and touched $186.61 as the high point. Illumina, Inc. has a market cap of 26.72B and has seen an average daily volume of 1053440 over the past three months.

Research analysts covering Ross Stores, Inc. (NASDAQ:ROST) are projecting that the shares reach $63.117 within the next 12-18 months.  This is the consensus number derived from the 17 analyst reports taken into consideration. The most bullish, or aggressive analyst target pins the projected price at $75, while the most bearish, or conservative analyst sees the stock reaching $33.

Broker Rating Update on Ross Stores, Inc. (NASDAQ:ROST)

Zacks provides analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Shares of Ross Stores, Inc. (NASDAQ:ROST) currently have an ABR of 2.14. This is based on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $0.56 earnings per share. This is the current Zacks consensus EPS which was calculated at the time of writing. Analysts will likely revise their estimates leading in to the actual results date.  

taking a look at the most recent period, which closed on 2016-07-31, Ross Stores, Inc. reported EPS of $0.71 for a surprise factor of 5.97%, calculated by being $0.04 away from analyst projections.

Investors will be marking their calendars for 2016-11-17, when the company is planning to release their quarterly results.

Wall Street sell-side research analysts covering Chevron Corporation (NYSE:CVX) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $112.615 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $125 while the most conservative estimate stand at $85.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Chevron Corporation. They give the company shares an ABR of 1.76. This is based on the 13 analysts taken into consideration by Zacks.

Earnings Estimates for Chevron Corporation (NYSE:CVX)

Currently, Wall Street is projecting that the firm will post $0.47 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-06-30, Chevron Corporation's EPS was reported as $0.48. This created a “surprise factor” 54.84% due to being $0.17 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 2016-10-28, the date when Chevron Corporation (NYSE:CVX) are expected to release their quarterly results.

BRKK is One of the Most Under the Radar Penny Stocks We've Ever Seen. View the free report here.