Transocean Ltd. (NYSE:RIG) Upgraded to Neutral at Goldman Sachs Group, Inc

Gladys Abbott
August 13, 2017

Therefore 37% are positive.

According to Financial Times, The 22 analysts offering 12 month price targets for Applied Materials, Inc. have a median target of 53.00, with a high estimate of 65.00 and a low estimate of 35.00. The stock's market capitalization is 3.25B.

Transocean Ltd. was upgraded to "neutral" by analysts at Goldman Sachs. R. F. Lafferty decreased their price target on Transocean from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, May 8th. The firm has "Hold" rating by Cowen & Co given on Wednesday, August 2. Transocean now has a consensus rating of "Hold" and a consensus target price of $13.06.

The share price of Transocean Ltd. (NYSE:RIG) was down -2.92% during the last trading session, with a day high of 8.71. The rating was maintained by Cowen & Co with "Hold" on Wednesday, August 2. The rating was upgraded by Bank of America to "Buy" on Friday, December 2. The rating was upgraded by JMP Securities to "Market Outperform" on Tuesday, June 13. The firm earned "Underweight" rating on Monday, March 28 by Barclays Capital. Transocean Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP and Corporate Controller Tonnel David A has sold 9,450 shares of Transocean Ltd. (RIG) in trading session dated April. 27, 2017. Cornerstone Capital Management Holdings LLC. now owns 2,028,718 shares of the offshore drilling services provider's stock valued at $25,256,000 after buying an additional 1,741,410 shares during the last quarter. First Republic Bank/Ca now has $15.32 billion valuation. The stock declined 0.26% or $0.16 reaching $62.33 on the news. These shares are worth $106,596 and were traded at $11.28 each. It has outperformed by 30.29% the S&P500.

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About 7.02 million shares traded. It has underperformed by 0.84% the S&P500. Teachers Advisors LLC now owns 4,355,168 shares of the offshore drilling services provider's stock worth $54,222,000 after buying an additional 3,869,219 shares during the period.

Stock market analysts and brokers have recently amended their target prices on shares of Transocean Ltd. (NYSE:RIG). Utd Services Automobile Association has invested 0.02% in Transocean LTD (NYSE:RIG). A negative earnings surprise will usually result in a decline in share price. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

Investors sentiment decreased to 0.95 in 2016 Q4. Its up 0.03, from 0.98 in 2016Q3. It dropped, as 72 investors sold RIG shares while 120 reduced holdings. 106 funds opened positions while 394 raised stakes. 242.80 million shares or 0.47% more from 241.66 million shares in 2016Q3 were reported. Transocean LTD (NYSE:RIG) has risen 15.86% since August 11, 2016 and is uptrending. Ny Life holds 345 shares or 0.02% of its portfolio. Credit Suisse maintained Transocean LTD (NYSE:RIG) on Saturday, September 5 with "Underperform" rating. Deutsche Bancorporation Ag has invested 0.06% in Transocean LTD (NYSE:RIG). Beach Investment Counsel Pa invested in 0.04% or 3,741 shares. D E Shaw & has invested 0.19% in Transocean LTD (NYSE:RIG). The United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.05% in Transocean LTD (NYSE:RIG). Barrington Strategic Wealth Management Grp Limited Liability Company holds 17,773 shares or 0.98% of its portfolio. Nuveen Asset Mngmt Ltd has invested 0.05% in Transocean LTD (NYSE:RIG). Academy Cap Management Tx holds 5.64% or 200,697 shares in its portfolio. Massachusetts Fincl Serv Ma has invested 0% in Regional Management Corp (NYSE:RM). Royal Savings Bank Of Canada owns 0.01% invested in Transocean LTD (NYSE:RIG) for 1.33M shares. Federated Invsts Inc Pa holds 6,882 shares. Advsr Asset Incorporated reported 1,600 shares or 0% of all its holdings. State Treasurer State of MI now owns 127,848 shares of the offshore drilling services provider's stock valued at $1,592,000 after buying an additional 500 shares during the last quarter. It also upped Berry Plastics Group Inc (NYSE:BERY) stake by 28,840 shares and now owns 596,752 shares. Hasbro Inc (NASDAQ:HAS) was reduced too.

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