Rio Tinto Group (RIO)
NYSE: RIO · IEX Real-Time Price · USD
66.68
-0.10 (-0.15%)
At close: Apr 18, 2024, 4:00 PM
66.20
-0.48 (-0.72%)
After-hours: Apr 18, 2024, 5:11 PM EDT
Rio Tinto Group Stock Forecast
Stock Price Forecast
There is currently no analyst price target forecast available for Rio Tinto Group.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RIO stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| 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 |
| UBS | UBS | Hold → Strong Sell Downgrades n/a | Hold → Strong Sell | Downgrades | n/a | n/a | Dec 13, 2022 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Dec 2, 2022 |
Financial Forecast
Revenue This Year
55.94B
from 54.04B
Increased by 3.51%
Revenue Next Year
54.26B
from 55.94B
Decreased by -2.99%
EPS This Year
7.80
from 6.17
Increased by 26.51%
EPS Next Year
7.19
from 7.80
Decreased by -7.85%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 63.3B | 63.6B | 64.4B | 56.2B |
| Avg | 55.9B | 54.3B | 53.4B | 48.4B |
| Low | 48.1B | 41.6B | 37.4B | 39.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 17.2% | 13.8% | 18.7% | 5.3% |
| Avg | 3.5% | -3.0% | -1.6% | -9.4% |
| Low | -11.1% | -25.6% | -31.2% | -25.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.94 | 9.16 | 9.72 |
| Avg | 7.80 | 7.19 | 6.77 |
| Low | 6.23 | 4.49 | 3.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 61.3% | 17.4% | 35.3% |
| Avg | 26.5% | -7.9% | -5.8% |
| Low | 1.1% | -42.4% | -54.7% |
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.