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

Wednesday, January 26, 2022 01:18 PM | InvestorsObserver Analysts

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

Wall Street is positive on New Residential Investment Corp (NRZ). On average, analysts give NRZ a Strong Buy rating. The average price target is $12.583, which means analysts expect the stock to rise by 16.40% over the next twelve months. That average ranking earns NRZ an Analyst Rating of 58, which is better than 58% of stocks based on data compiled by InvestorsObserver.

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!

See Full NRZ Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

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

New Residential Investment Corp (NRZ) stock is trading at $10.81 as of 1:16 PM on Wednesday, Jan 26, an increase of $0.27, or 2.56% from the previous closing price of $10.54. The stock has traded between $10.66 and $10.89 so far today. Volume today is light. So far 3,041,614 shares have traded compared to average volume of 5,178,845 shares. Click Here to get the full Stock Report for New Residential Investment Corp stock.