Resources Connection, Inc. (RECN) At $15.65 Forms Top; Englobal (ENG) Has 0.75 Sentiment

Resources Connection, Inc. (NASDAQ:RECN) Logo

Englobal Corp (ENG) investors sentiment increased to 0.75 in Q4 2017. It’s up 0.29, from 0.46 in 2017Q3. The ratio is positive, as 9 hedge funds increased or opened new equity positions, while 12 decreased and sold their positions in Englobal Corp. The hedge funds in our database now have: 3.09 million shares, down from 3.55 million shares in 2017Q3. Also, the number of hedge funds holding Englobal Corp in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 9 Increased: 4 New Position: 5.

Resources Connection, Inc. (RECN) formed multiple top with $16.59 target or 6.00% above today’s $15.65 share price. Resources Connection, Inc. (RECN) has $493.22M valuation. The stock increased 0.32% or $0.05 during the last trading session, reaching $15.65. About 53,120 shares traded. Resources Connection, Inc. (NASDAQ:RECN) has declined 2.76% since May 16, 2017 and is downtrending. It has underperformed by 14.31% the S&P500.

Oppenheimer & Close Llc holds 0.83% of its portfolio in BNP Paribas Easy NMX� 30 Infrastructure Global for 979,627 shares. Rbf Capital Llc owns 149,768 shares or 0.01% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 400 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Inc., a New York-based fund reported 47,615 shares.

The stock decreased 4.04% or $0.04 during the last trading session, reaching $0.95. About 16,536 shares traded. BNP Paribas Easy NMX� 30 Infrastructure Global (ENG) has declined 50.68% since May 16, 2017 and is downtrending. It has underperformed by 62.23% the S&P500.

ENGlobal Corporation provides engineering and professional services primarily to the energy industry in the United States and internationally. The company has market cap of $26.14 million. It operates in two divisions, Engineering, Procurement and Construction Management; and Automation. It currently has negative earnings. The Engineering, Procurement and Construction Management segment offers services relating to the development, management, and execution of projects requiring professional engineering and related project management services primarily to the energy industry, which include conceptual studies, project definition, cost estimating, engineering design, environmental compliance, material procurement, project management, and construction management.

More news for BNP Paribas Easy NMX� 30 Infrastructure Global (NASDAQ:ENG) were recently published by: Globenewswire.com, which released: “ENGlobal Reports First Quarter 2018 Results” on May 10, 2018. Nasdaq.com‘s article titled: “ENGlobal Engages B. Riley FBR for Review of Strategic Alternatives to Increase Shareholder Value” and published on April 18, 2018 is yet another important article.

Among 4 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 have Buy rating, 3 Sell and 1 Hold. Therefore 0 are positive. Resources Connection Inc. has $1700 highest and $12 lowest target. $15’s average target is -4.15% below currents $15.65 stock price. Resources Connection Inc. had 10 analyst reports since August 18, 2016 according to SRatingsIntel. Deutsche Bank maintained Resources Connection, Inc. (NASDAQ:RECN) on Friday, July 21 with “Sell” rating. On Thursday, January 4 the stock rating was downgraded by JP Morgan to “Underweight”. As per Friday, November 10, the company rating was maintained by Robert W. Baird. As per Wednesday, January 3, the company rating was maintained by Robert W. Baird. The rating was maintained by Robert W. Baird on Friday, August 25 with “Hold”. The firm has “Sell” rating by J.P. Morgan given on Thursday, January 4. The stock has “Sell” rating by Deutsche Bank on Thursday, October 6. The rating was maintained by Robert W. Baird on Wednesday, April 4 with “Hold”. The firm has “Neutral” rating given on Thursday, October 6 by Robert W. Baird. The firm has “Sell” rating given on Thursday, August 18 by Deutsche Bank.

Analysts await Resources Connection, Inc. (NASDAQ:RECN) to report earnings on July, 19. They expect $0.28 earnings per share, up 40.00% or $0.08 from last year’s $0.2 per share. RECN’s profit will be $8.82M for 13.97 P/E if the $0.28 EPS becomes a reality. After $0.18 actual earnings per share reported by Resources Connection, Inc. for the previous quarter, Wall Street now forecasts 55.56% EPS growth.

Resources Connection, Inc. (NASDAQ:RECN) Institutional Positions Chart