JP Morgan Cazenove Reiterates GBX 4100.00 Price Target On Rio Tinto PLC (LON:RIO), Reiterates Overweight Rating; Lockheed Martin Investment Management Company Has Lowered Nxp Semiconductors (NXPI) Holding By $872,545

December 7, 2017 - By Winifred Garcia

The broker have set TP of GBX 4100.00 on Rio Tinto PLC (LON:RIO) shares. This is 19.06% from the last stock close. In a research report revealed on 7 December, JP Morgan Cazenove restate their Overweight rating on shares of RIO.

Lockheed Martin Investment Management Company decreased Nxp Semiconductors (NXPI) stake by 40.32% reported in 2017Q2 SEC filing. Lockheed Martin Investment Management Company sold 8,005 shares as Nxp Semiconductors (NXPI)’s stock rose 5.22%. The Lockheed Martin Investment Management Company holds 11,850 shares with $1.30 million value, down from 19,855 last quarter. Nxp Semiconductors now has $38.76B valuation. The stock increased 0.51% or $0.58 during the last trading session, reaching $114.33. About 2.39M shares traded. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since December 7, 2016 and is uptrending. It has outperformed by 7.97% the S&P500.

The stock decreased 1.64% or GBX 57.5 during the last trading session, reaching GBX 3441. About 1.54 million shares traded. Rio Tinto plc (LON:RIO) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 60.47 billion GBP. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 10.03 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Among 29 analysts covering Rio Tinto PLC (LON:RIO), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. Rio Tinto PLC has GBX 4525 highest and GBX 3 lowest target. GBX 3368.04’s average target is -2.12% below currents GBX 3441 stock price. Rio Tinto PLC had 515 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Thursday, October 5 with “Buy”. The stock has “Buy” rating by Deutsche Bank on Wednesday, December 16. The company was maintained on Wednesday, March 29 by Jefferies. JP Morgan maintained Rio Tinto plc (LON:RIO) rating on Friday, September 29. JP Morgan has “Overweight” rating and GBX 4100 target. The firm has “Overweight” rating given on Wednesday, November 16 by JP Morgan. The company was maintained on Thursday, August 4 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, June 22. The stock of Rio Tinto plc (LON:RIO) earned “Buy” rating by Canaccord Genuity on Monday, February 20. The rating was maintained by Liberum Capital on Wednesday, August 3 with “Sell”. The stock of Rio Tinto plc (LON:RIO) has “Outperform” rating given on Thursday, February 4 by Bernstein.

Analysts await NXP Semiconductors N.V. (NASDAQ:NXPI) to report earnings on February, 7. They expect $1.61 EPS, down 5.85% or $0.10 from last year’s $1.71 per share. NXPI’s profit will be $545.83 million for 17.75 P/E if the $1.61 EPS becomes a reality. After $1.27 actual EPS reported by NXP Semiconductors N.V. for the previous quarter, Wall Street now forecasts 26.77% EPS growth.

Lockheed Martin Investment Management Company increased Spdr S&P Oil & Gas Exploration (XOP) stake by 50,000 shares to 294,000 valued at $9.38M in 2017Q2. It also upped Spdr (SPY) stake by 73,900 shares and now owns 99,800 shares. Chubb Ltd(Old Ace Ltd) was raised too.

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