Wall Street is positive on New Residential Investment Corp (NRZ). On average, analysts give NRZ a Strong Buy rating. The average price target is $11.2, which means analysts expect the stock to add by 42.68% over the next twelve months.
That average ranking earns NRZ an Analyst Rating of 69, which is better than 69% of stocks based on data compiled by InvestorsObserver.
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 down -1.01% while the S&P 500 has risen 0.73% as of 3:24 PM on Monday, Aug 3. NRZ is lower by -$0.08 from the previous closing price of $7.93 on volume of 3,082,893 shares. Over the past year the S&P 500 is higher by 15.82% while NRZ is lower by -47.39%. NRZ lost -$2.83 per share the over the last 12 months.
