Based on the CLF Stock Forecast from 8 analysts, the average analyst CLF stock price target is USD 27.38 over the next 12 months. Cleveland-Cliffs Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of CLF stock forecast is Slightly Bullish, which is based on 7 positive signals and 5 negative signals. At the last closing, CLF stock price was USD 14.62. CLF stock price has changed by +1.54% over the past week, -2.19% over the past month and -26.27% over the last year.
About Cleveland-Cliffs Inc. (CLF:NYE):
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
What we like:
High market capitalization:
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior return on equity:
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization:
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow:
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow:
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth:
CLF stock price has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Revenue Growth:
CLF stock price has shown top quartile revenue growth in the previous 5 years compared to its sector.
What we don’t like:
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Below median total returns:
The company has under-performed its peers on annual average total returns in the past 5 years.
Overpriced compared to book value:
CLF stock price is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis:
CLF stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the market news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.