Could Colony NorthStar, Inc. (CLNS) Go Up After Reaching 52-Week Low?

January 23, 2018 - By Nellie Frank

The stock of Colony NorthStar, Inc. (NYSE:CLNS) hit a new 52-week low and has $9.24 target or 9.00 % below today’s $10.15 share price. The 6 months bearish chart indicates high risk for the $5.87 billion company. The 1-year low was reported on Jan, 23 by If the $9.24 price target is reached, the company will be worth $528.48 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.29% or $0.03 during the last trading session, reaching $10.15. About 6.60M shares traded or 96.35% up from the average. Colony NorthStar, Inc. (NYSE:CLNS) has risen 25.53% since January 23, 2017 and is uptrending. It has outperformed by 8.83% the S&P500.

Analysts await Colony NorthStar, Inc. (NYSE:CLNS) to report earnings on February, 27. They expect $0.34 earnings per share, up 70.00 % or $0.14 from last year’s $0.2 per share. CLNS’s profit will be $196.70 million for 7.46 P/E if the $0.34 EPS becomes a reality. After $0.32 actual earnings per share reported by Colony NorthStar, Inc. for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

Colony NorthStar, Inc. (NYSE:CLNS) Ratings Coverage

Among 2 analysts covering Colony NorthStar (NYSE:CLNS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Colony NorthStar had 2 analyst reports since March 31, 2017 according to SRatingsIntel. The stock of Colony NorthStar, Inc. (NYSE:CLNS) has “Mkt Perform” rating given on Friday, March 31 by JMP Securities. Wedbush maintained the stock with “Outperform” rating in Friday, April 21 report.

More important recent Colony NorthStar, Inc. (NYSE:CLNS) news were published by: which released: “Colony NorthStar Completes Sale of The Townsend Group to Aon” on January 02, 2018, also published article titled: “Colony NorthStar Credit Real Estate, NorthStar Real Estate Income Trust and …”, published: “Colony NorthStar, Inc. (CLNS) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017. More interesting news about Colony NorthStar, Inc. (NYSE:CLNS) was released by: and their article: “Falling Earnings Estimates Signal Weakness Ahead for Colony NorthStar (CLNS)” with publication date: January 23, 2018.

The firm invests in the real estate markets of North America and Europe. The company has market cap of $5.87 billion. The Company’s investment portfolio is primarily composed of real estate equity; real estate and real estate-related debt; and investment management of company-sponsored private equity funds and vehicles. It has a 390.38 P/E ratio. The firm invests in wide spectrum of commercial real estate property types, including but not limited to, office, industrial, retail, hospitality, education, single-family and multifamily residential assets, and geographies, primarily within North America and Europe.

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