Better Buy Than Competitors? – Range Resources Corporation (RRC), Axalta Coating Systems Ltd. (AXTA)

Range Resources Corporation (NYSE:RRC) is simply too cheap to pass with a price-to-sales ratio of 1.95. The competitors from Independent Oil & Gas hold an average P/S ratio of 81.43, which offer premium compared with the sector’s 16.13. In the past 13-year record, this ratio went down as low as 1.82 and as high as 12.78. Also, it is up from 62% of the total 398 rivals across the globe.

RRC traded at an unexpectedly high level on 11/28/2017 when the stock experienced a 1.87% gain to a closing price of $17.98. The company saw 7.54 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 6.59 million shares a day, this signifies a pretty significant change over the norm.

Range Resources Corporation (RRC) Analyst Gushes

Analysts are speculating a 244.83% move, based on the high target price ($62) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $28.65 price target, but the stock is already up 12.41% from its recent lows. However, the stock is trading at -54.64% versus recent highs ($39.64). Analysts believe that we could see stock price minimum in the $17 range (lowest target price), allowing for another -5.45% drop from its current position. Leading up to this report, we have seen a -0.44% fall in the stock price over the last 30 days and a 3.33% increase over the past 3 months. Overall, the share price is down -47.67% so far this year. Additionally, RRC had a day price range of $17.46 to $18.05.

Range Resources Corporation (RRC) Price Potential

Heading into the stock price potential, Range Resources Corporation needs to grow just 50.17% to cross its median price target of $27. In order to determine directional movement, the 50-day and 200-day moving averages for Range Resources Corporation (NYSE:RRC) are $18.46 and $20.17. Given that liquidity is king in short-term, RRC is a stock with 252.71 million shares outstanding that normally trades 14.04% of its float. The stock price recently experienced a 5-day gain of 3.93% with 0.65 average true range (ATR). RRC has a beta of 0.93 and RSI is 48.51.

Investors also need to beware of the Axalta Coating Systems Ltd. (NYSE:AXTA) valuations. The stock trades on a P/S of 2.04, which suggests that the shares are attractive compared with peers. The broad Specialty Chemicals industry has an average P/S ratio of 2.99, which is significantly better than the sector’s 3.07. In the past 6-year record, this ratio went down as low as 1.3 and as high as 2.11. Also, it is down from 58% of the total 1095 rivals across the globe.

Axalta Coating Systems Ltd. (AXTA)’s Lead Over its Technicals

Axalta Coating Systems Ltd. by far traveled 47.01% versus a 1-year low price of $24.72. The share price was last seen 2.14% higher, reaching at $36.34 on 11/28/2017. At recent session, the prices were hovering between $35.55 and $36.54. This company shares are -8.39% up from its target price of $33.29 and the current market capitalization stands at $8.68B. The recent change has given its price a 17.92% lead over SMA 50 and 0.11% lead over its 52-week high. The stock witnessed 9.62% gains, 24.15% gains and 16.1% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AXTA’s volatility during a week at 2.27% and during a month it has been found around 2.22%.

Axalta Coating Systems Ltd. (NYSE:AXTA) Intraday Metrics

Axalta Coating Systems Ltd. (AXTA) exchanged hands at an unexpectedly high level of 5.66 million shares over the course of the day. Noting its average daily volume at 3.05 million shares each day over the month, this signifies a pretty significant change over the norm.

Axalta Coating Systems Ltd. Target Levels

The market experts are predicting a 10.07% rally, based on the high target price ($40) for Axalta Coating Systems Ltd. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $28 range (lowest target price). If faced, it would be a -22.95% drop from its current position. Overall, the share price is up 33.6% year to date.

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