Performance of Brk.B
7/24/2024 10:23pm
**BRK.B's Recent Performance Analysis**:
1. **Current Analyst Consensus and Price Target**: The consensus rating for BRK.B is "Neutral" as of July 23, 2024, with an average price target of $465. This suggests that analysts have a mixed view on the stock's future performance, with some expecting higher prices.
2. **Current Stock Price and Technical Indicators**:
- The closing price for BRK.B was $431.81 as of July 24, 2024.
- The resistance level is $435.41, and the support level is $430.73. These levels indicate that the stock is trading in a narrow range, which could imply a potential breakout or a continuation of the current trend.
|Ticker|Name|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|
|BRK.B.N|Berkshire Hathaway B|435.4100|20240724|BRK.B|169|
- The MACD is 2.36, and the RSI is 58.35, which are both above neutral levels, suggesting that the stock is currently in an uptrend.
|Ticker|Name|MACD|Date|code|market_code|
|---|---|---|---|---|---|
|BRK.B.N|Berkshire Hathaway B|2.3588|20240724|BRK.B|169|
- The KDJ indicator is 56.03, which is near the overbought territory but still within the neutral range, indicating a strong buying momentum.
|Ticker|Name|KDJ|Date|code|market_code|
|---|---|---|---|---|---|
|BRK.B.N|Berkshire Hathaway B|56.0307|20240723|BRK.B|169|
3. **Market Sentiment and Growth Estimates**:
- The stock has a "Strong Buy" rating from one analyst, with a 12-month stock price forecast of $477.0, indicating a potential upside.
- The company's growth rates show a B- grade with varying rates: 7.09% for the current quarter, 5.24% for the next quarter, and 35.20% for the current year. These figures suggest a solid but moderate growth trajectory.
4. **Recent News and Developments**:
- Berkshire Hathaway has been reducing its stake in various companies, including Bank of America and BYD. This could be a strategic move to optimize the portfolio or indicate a lack of confidence in the short-term performance of these stocks.
- The company's earnings per share (EPS) are projected to be $5.10 for the current quarter, reflecting a 10.4% increase from the same quarter last year. This is a positive sign for the company's financial performance.
In conclusion, BRK.B shows a mixed picture with a neutral consensus rating but positive technical indicators and a strong buy rating from one analyst. The stock is trading near its support and resistance levels, which could imply a potential breakout. Investors should monitor the stock's performance against these levels and consider the mixed analyst sentiment when making investment decisions.