Stocks of Barclays PLC (BCS) are poised to climb above their peers

Barclays PLC (NYSE: BCS) stock fell -3.83% on Friday to $7.53 against a previous-day closing price of $7.83. With 8.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.41 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $7.75 whereas the lowest price it dropped to was $7.52. The 52-week range on BCS shows that it touched its highest point at $12.20 and its lowest point at $6.88 during that stretch. It currently has a 1-year price target of $9.19. With its current market cap of 30.18 billion, BCS has annualized dividend of $0.42 while the current yield stands at 5.63%. Beta for the stock currently stands at 1.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BCS was down-trending over the past week, with a drop of -5.16%, but this was down by -3.34% over a month. Three-month performance dropped to -6.34% while six-month performance fell -19.03%. The stock lost -22.05% in the past year, while it has lost -27.25% so far this year. EPS is expected to decline by -0.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.90%.

Float and Shares Shorts:

At present, 4.17 billion BCS shares are outstanding with a float of 3.98 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 9.98 million, which was 0.24% higher than short shares on Jun 14, 2022. In addition to Mr. Coimbatore Sundararajan Venkatakrishnan as the firm’s Group CEO & Director, Ms. Angela Anna Cross serves as its Group Fin. Director & Director.

Institutional Ownership:

Through their ownership of 3.23% of BCS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.02% of BCS, in contrast to 0.49% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BCS with 0.39% of the stake, Dimensional Fund Advisors LP holds 15,723,992 shares worth 15,723,992. A second-largest stockholder of BCS, Arrowstreet Capital LP, holds 10,760,712 shares, controlling over 0.27% of the firm’s shares. Managed Account Advisors LLC is the third largest shareholder in BCS, holding 8,546,198 shares or 0.21% stake. With a 0.18% stake in BCS, the DFA International Value Series is the largest stakeholder. A total of 7,035,082 shares are owned by the mutual fund manager. The DFA International Core Equity Por, which owns about 0.08% of BCS stock, is the second-largest Mutual Fund holder. It holds 3,195,564 shares valued at 24.89 million. Dimensional International Value E holds 0.06% of the stake in BCS, owning 2,293,591 shares worth 17.87 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BCS since 20 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BCS analysts setting a high price target of $16.41 and a low target of $8.25, the average target price over the next 12 months is $10.96. Based on these targets, BCS could surge 117.93% to reach the target high and rise by 9.56% to reach the target low. Reaching the average price target will result in a growth of 45.55% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BCS will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of $1.77 being high and $1.10 being low. For BCS, this leads to a yearly average estimate of $1.51. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Barclays PLC surprised analysts by -$0.06 when it reported $0.31 EPS against a consensus estimate of $0.37. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is $0.41 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.37.

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