BTIG Research Increases Sprint Corporation (S) Price Target to $4.00

Lloyd Doyle
October 21, 2017

Finally, Royal Bank Of Canada reissued a "hold" rating and set a $8.00 price target on shares of Sprint Corporation in a report on Sunday, July 9th. Zacks Investment Research's target price suggests a potential upside of 16.69% from the stock's current price. We believe these efforts have driven the huge wireless subscribers. It has a target price of $7.28 (IPO Date). However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Wells Fargo & Co reissued an "outperform" rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Cowen and Company restated a "market perform" rating and issued a $6.50 price objective on shares of Sprint Corporation in a research note on Tuesday, August 8th.

Sprint Corporation had its "neutral" rating reiterated by analysts at Barclays. Finally, Goldman Sachs Group, Inc.

Currently Sprint Corporation (NYSE:S)'s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 15.1%. The stock has "Strong-Buy" rating by Vetr on Monday, September 21. As a result, Sprint Corporation attained a Profit Margin of -2.10% *.

Sprint has 52 week low of $5.83 and a 52 week high of $9.65 and has a market capitalization of $0. Sprint's 50-day moving average is $7.72 and its 200-day moving average is $8.17.

The share price of Sprint Corporation (NYSE:S) was up +0.92% during the last trading session, with a day high of 7.13.

Previously Sprint Corporation (NYSE:S) reported $-0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.33 by $0.12.

On the other hand the company has Relative Strength Index (RSI 14) of 33.36 along with Average True Range (ATR 14) of 0.27, Consequently Sprint Corporation (NYSE:S)'s weekly and monthly volatility is 2.06%, 3.32% respectively. The consensus mean EPS for the current quarter is at $0 derived from a total of 0 estimates from the analysts who have weighed in on projected earnings. Its book value per share for the most recent quarter is $4.76 while its price to book ratio for the same period is 1.48, as for as the company's cash per share for the most recent quarter is $1.7, however its price to cash per share ratio for the same period is 4.14. However the company reported $-0.46 earnings per share for the same quarter during a year ago.


Sprint Corporation on 3/30/2013 reported its EPS as $-0.46 with the analysts projecting the EPS of the stock as $-0.4.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Sprint Corporation by 2.2% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier's stock valued at $66,706,000 after acquiring an additional 4,204,955 shares during the last quarter. Financial Counselors Inc. increased its position in Sprint Corporation by 1.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 39,442 shares of the cell phone carrier's stock worth $342,000 after buying an additional 18,018 shares during the period.

The shares outstanding for Sprint Corporation is levered at 4008.12 *.

Sprint Corporation (Sprint) is a holding company. Nordea Investment Management AB now owns 29,560 shares of the cell phone carrier's stock worth $257,000 after buying an additional 11,520 shares during the period. Summit Securities Group LLC acquired a new stake in Sprint Corporation during the second quarter worth about $108,000.

Let's have a look at some of the important valuation ratios of the Sprint Corporation (S).

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