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How Does New Residential Investment Corp (NRZ) Stock Rank on Wall Street?

Monday, October 26, 2020 10:46 AM | InvestorsObserver Analysts
How Does New Residential Investment Corp (NRZ) Stock Rank on Wall Street?

Wall Street is positive on New Residential Investment Corp (NRZ). On average, analysts give the stock a Strong Buy rating. The average price target is $10.3, which means analysts expect the stock to climb by 26.85% over the next twelve months.

That average ranking earns the stock an Analyst Rating of 63, which is better than 63% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.5
Wall Street analysts are rating NRZ a Strong Buy today. Find out what this means to you and get the rest of the rankings on NRZ!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With New Residential Investment Corp Stock Today?

New Residential Investment Corp (NRZ) stock is trading at $8.12 as of 10:44 AM on Monday, Oct 26, a decline of -$0.61, or -6.99% from the previous closing price of $8.73. The stock has traded between $8.10 and $8.53 so far today. Volume today is less active than usual. So far 2,729,836 shares have traded compared to average volume of 4,515,540 shares.

Click Here to get the full report on New Residential Investment Corp (NRZ) Stock.

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