Where Does Wall Street Think New Residential Investment Corp (NRZ) Stock Will Go?

Thursday, September 24, 2020 10:22 AM | InvestorsObserver Analysts

InvestorsObserver is giving New Residential Investment Corp (NRZ) an Analyst Rating Rank of 63, meaning NRZ is ranked higher by analysts than 63% of stocks. The average projection by analysts for NRZ is $10.125 over the next 12 months and analyst’s classify the stock as a Strong Buy

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?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

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

New Residential Investment Corp (NRZ) stock is trading at $7.60 as of 10:11 AM on Thursday, Sep 24, an increase of $0.13, or 1.74% from the previous closing price of $7.47. The stock has traded between $7.46 and $7.72 so far today. Volume today is light. So far 1,112,045 shares have traded compared to average volume of 4,384,722 shares.

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

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