The shares of Schlumberger Limited (NYSE:SLB) has been pegged with a rating of Neutral by Credit Suisse in its latest research note that was published on December 19th, 2018. Credit Suisse wasn’t the only research firm that published a report of Schlumberger Limited, with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on December 11th, 2018, to Neutral the SLB stock. The stock had earned Buy rating from BofA/Merrill when it published its report on December 3rd, 2018. That day the BofA/Merrill set price target on the stock to $52. The stock was given Buy rating by HSBC Securities in its report released on November 26th, 2018. Cowen was of a view that SLB is Outperform in its latest report on October 22nd, 2018 while giving it a price target of $75. BofA/Merrill thinks that SLB is worth Buy rating. This was contained in the firm’s report on October 18th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 12 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $53.85. The price of the stock the last time has raised by 28.81% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.74.
The shares of the company dipped by -0.16% during the trading session on Wednesday, reaching a low of $44.775 while ending the day at $45.07. During the trading session, a total of 6.74 million shares were traded which represents a 54.81% incline from the average session volume which is 14.92M shares. SLB had ended its last session trading at 45.14. Schlumberger Limited currently has a market cap of $62.42B, while its P/E ratio stands at 29.36, while its P/E earnings growth sits at 1.90, with a beta of 1.35. Schlumberger Limited debt-to-equity ratio currently stands at 0.44, while its quick ratio hovers at 0.90. SLB 52-week low price stands at $34.99 while its 52-week high price is $75.43.
The company in its last quarterly report recorded $0.46 earnings per share which is above the $0.45 predicted by most analysts. The Schlumberger Limited generated $8,504.00 million in revenue during the last quarter, which is slightly lower than the $8,584.33 million predicted by analysts. In the second quarter last year, the firm recorded $0.43 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 6.52%. Schlumberger Limited has the potential to record 1.54 EPS for the current fiscal year, according to equities analysts.
Investment analysts at UBS published a research note on December 13th, 2018 where it informed investors and clients that PepsiCo, Inc. (NASDAQ:PEP) is now rated as Neutral. Their price target on the stock stands at $123. JP Morgan also rated PEP as Downgrade on December 11th, 2018, with its price target of $46 suggesting that PEP could surge by 1.74% from its current share price. Even though the stock has been trading at $112.90/share, analysts expect it to surge higher by 0.13% to reach $115.05/share. It started the day trading at $113.58 and traded between $112.3 and $113.05 throughout the trading session.
A look at its technical shows that PEP’s 50-day SMA is 112.11 while its 200-day SMA stands at 109.86. The stock has a high of $122.00 for the year while the low is $95.94. The company’s P/E ratio currently sits at 19.51, while the P/B ratio is 15.55. The company’s average trading volume currently stands at 5.19M shares, which means that the short-interest ratio is just 1.58 days. Over the past seven days, the company moved, with its shift of 2.01%. Looking further, the stock has raised 1.69% over the past 90 days while it lost -3.69% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PEP shares, increasing its portfolio by +1.38% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,594,227 shares in the last quarter, thus it now holds 117,508,368 shares of PEP, with a total valuation of $12,982,324,497. BlackRock Fund Advisors meanwhile bought more PEP shares in the recently filed quarter, changing its stake to $7,007,681,880 worth of shares. SSgA Funds Management Inc followed the path by increasing its PEP portfolio by +4.43% in the quarter. This means that SSgA Funds Management Inc bought 2,661,004 shares in the last quarter and now controls 62,728,144 shares of the PEP stock, with the valuation hitting $6,930,205,349.
Similarly, Northern Trust Investments Inc decreased its PepsiCo, Inc. shares by -0.60% during the recently filed quarter. After selling -118,622 shares in the last quarter, the firm now controls 19,562,114 shares of PepsiCo, Inc. which are valued at $2,161,222,355. In the same vein, Geode Capital Management LLC increased its PepsiCo, Inc. shares by during the most recent reported quarter. The firm bought 43,876 shares during the quarter which increased its stakes to 17,828,485 shares and is now valued at $1,969,691,023. Following these latest developments, around 0.10% of PepsiCo, Inc. stocks are owned by institutional investors and hedge funds.