Rio Tinto Group (RIO)
NYSE: RIO · IEX Real-Time Price · USD
63.78
-0.59 (-0.92%)
At close: Jul 19, 2024, 4:00 PM
63.89
+0.11 (0.17%)
Pre-market: Jul 22, 2024, 7:30 AM EDT
Rio Tinto Group Stock Forecast
Stock Price Forecast
There is currently no analyst price target forecast available for Rio Tinto Group.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for RIO stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 1 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Berenberg | Berenberg | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jun 27, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | May 20, 2024 |
| UBS | UBS | Strong Sell → Hold Upgrades n/a | Strong Sell → Hold | Upgrades | n/a | n/a | Oct 6, 2023 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | May 26, 2023 |
| Bernstein | Bernstein | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | May 5, 2023 |
Financial Forecast
Revenue This Year
55.20B
from 54.04B
Increased by 2.15%
Revenue Next Year
54.71B
from 55.20B
Decreased by -0.89%
EPS This Year
7.62
from 6.17
Increased by 23.54%
EPS Next Year
7.43
from 7.62
Decreased by -2.39%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 62.5B | 64.9B | 65.1B | 61.4B | 61.5B |
| Avg | 55.2B | 54.7B | 54.2B | 56.8B | 55.9B |
| Low | 48.1B | 41.6B | 37.4B | 51.1B | 46.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.6% | 17.5% | 19.0% | 13.1% | 8.3% |
| Avg | 2.2% | -0.9% | -0.9% | 4.7% | -1.5% |
| Low | -11.1% | -24.6% | -31.7% | -5.8% | -19.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.20 | 9.44 | 10.15 | 7.46 | 6.30 |
| Avg | 7.62 | 7.43 | 6.99 | 6.97 | 6.18 |
| Low | 6.42 | 4.49 | 3.26 | 6.31 | 5.88 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 65.4% | 23.9% | 36.6% | 6.7% | -9.7% |
| Avg | 23.5% | -2.4% | -6.0% | -0.2% | -11.4% |
| Low | 4.1% | -41.0% | -56.2% | -9.7% | -15.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.