An Estimate Of Target Price: Annaly Capital Management, Inc. (NLY), Dollar Tree, Inc. (DLTR) – The RNS Daily

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NLY trading volume has lost -4507746 shares compared to readings over the past three months as it recently exchanged 11862254 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 16370000 shares, and this is 0.72 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.4 point.

Annaly Capital Management, Inc. (NYSE:NLY) climbed by 2.08% over the past three months which led to its overall six-month decrease to stand at -1.62%. The equity price rose 2.08% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -1.34% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -2.46% and is now up by 4.99% since start of this year.

The shares of Annaly Capital Management, Inc. dropped by -4.36% or -$0.47 from its last recorded high of $10.78 which it attained on July 31 to close at $10.31 per share. Over the past 52 weeks, the shares of Annaly Capital Management, Inc. has been trading as low as $9.57 before witnessing a massive surge by 7.73% or $0.74. This price movement has led to the NLY stock receiving more attention and has become one to watch out for. It dipped by -0.29% on Thursday and this got the market worried. The stock’s beta now stands at 0.34 and when compared to its 200-day moving average and its 50-day moving average, NLY price stands 0.5% above and 1.23% above respectively. Its average daily volatility for this week is 0.96% which is more than the 0.92% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Annaly Capital Management, Inc. (NLY) with most of them predicting a $10.4 price target on a short-term (12 months) basis. The average price target by the analysts will see a 0.87% rise in the stock and would lead to NLY’s market cap to surge to $14.46B. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 7 analysts that track Annaly Capital Management, Inc. (NYSE:NLY) and find out that 4 of them rated it as a Hold. 3 of the 3 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Dollar Tree, Inc. (NASDAQ:DLTR) currently stands at $100.65 after it went down by $-1.91 or -1.86% and has found a strong support at $99.74 a share. If the DLTR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $98.84 mark would also be bad for the stock as it means that the stock would plunge by 1.8% from its current position. However, if the stock price is able to trade above the resistance point around $101.65, then it could likely surge higher to try and break the upward resistance which stands at $102.66 a share. Its average daily volatility over the past one month stands at 2.07%. The stock has plunged by 0.8% from its 52-weeks high of $99.84 which it reached on Dec. 03, 2019. In general, it is 21.73% above its 52-weeks lowest point which stands at $78.78 and this setback was observed on Nov. 10, 2018.

Analysts have predicted a price target for Dollar Tree, Inc. (DLTR) for 1 year and it stands at an average $107.65/share. This means that it would likely increase by 6.95% from its current position. The current price of the stock has been moving between $99.84 and $101.75. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $92. On the other hand, one analyst is super bullish about the price, setting a target as high as $120.

The DLTR stock Stochastic Oscillator (%D) is at 80.87%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.06 which compares to the 1.26 recorded by the industry or the 136.96 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 16.27, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 12.5% over the past five years.

Analysts view Dollar Tree, Inc. (NASDAQ:DLTR) as a Hold, with 2.2 consensus rating. Reuters surveyed 26 analysts that follow DLTR and found that 9 of those analysts rated the stock as a Hold. The remaining 17 were divided, with 17 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Dollar Tree, Inc. (DLTR) shares or sell it if they already own it.

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