Newcastle Investment (NCT) – ($5.56) has a Strong Buy rating according to ValuEngine with fair value at $14.03, which makes the stock 60.4% undervalued. The stock has a one-year price target at $6.72. ValuEngine Profile – “Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes.”
Analysis – The daily chart for NCT shows rising momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $5.49, $5.32 and $4.50. My weekly value level is $5.33 with a quarterly risky level at $8.63.
Courtesy of Thomson / Reuters
Ticker |
Company Name |
Mkt Price |
Fair Value |
One-Year Price Target |
Last 12-Mon Retn (%) |
5-Yr Avg Retn (%) |
P/E Ratio |
NCT |
NEWCASTLE INVESTMENT |
5.56 |
14.03 |
6.72 |
-16.01 |
-13.46 |
4.96 |