Analysts at Zacks Investment Research upgraded shares of Willbros Group Inc. (NYSE: WG) from Sell to Hold today. The company currently has a rating of Hold on the shares. As a means of comparison, a number of other analysts have commented on the stock in recent days, and the company has earned a consensus one-year price target of $1.91, above the opening price of $1.79, a difference of 10.79 percent. Willbros Group Inc. stock has a 52-week high of $3.43. Stock prices often move to the upside on recommendations and new price targets of professional analysts.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Shares of Willbros Group Inc. (NYSE: WG) opened at $1.79 yesterday trading between $1.76 and $1.80, and last traded at $1.77, a drop of $0.03 from the previous closing price.
Willbros Group Inc. (NYSE: WG) now has a market cap of 110.83M.
The stock’s average daily volume is 318,275 shares out of a total float 45,500,000 and some 42,136 shares traded hands yesterday, 70 percent below the norm. Look for trading volume to pick up in the coming days as swing traders often use upticks in trading volume to pinpoint large volume aggregation or distribution by institutional investors.
While higher trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive cue to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have substantial teams of analysts that research thousands of stocks, so it is good confirmation to see them buying a stock you are researching.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for Willbros Group Inc. (NYSE: WG) have ranged from $1.11 – 3.43, and the stock now has a 50-day MA of $1.88 and 200-day MA of $2.39. Today’s last price is 0.48% lower than the 52 week high of $3.43.
Earnings growth is a critical factor to consider when investing in stocks and investors identify companies that have raised their earnings at least 25% or more over the past 3 years.
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