Of the nine analysts covering the stock, 44% recommend a buy, while 44% rate it a hold and the rest a sell. On an average, analysts polled by Bloomberg expect the stock to dip 11.9% from current levels over the next 12 months.
I know that I am missing something. Why would people be recommended to buy, if the expectation is that the stock will dip 11.9%? thanks
With flooding in Australia, coal is priced high. When the flooding recedes, coal prices will decline, as will NRP's share price. Analysts generally tell you what has happened, not what is going to happen.