Media stories about Resources Connection (NASDAQ:RECN) have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resources Connection earned a daily sentiment score of -0.03 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Resources Connection, Inc. : July 14, 2017 (finance.yahoo.com)
- Resources Connection, Inc. (NASDAQ:RECN) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Canada Pension Plan Investment Board and Vermilion Energy Inc. Announce Strategic Partnership in Corrib (kswo.com)
- NQ Exploration Inc. Announces Reverse Take-Over, “Spin-Out” of Quebec Mining Assets in New Company and Proposed Carheil JV (marketwatch.com)
Resources Connection (NASDAQ RECN) opened at 14.20 on Tuesday. The firm has a 50-day moving average of $13.21 and a 200-day moving average of $15.61. The stock has a market capitalization of $421.07 million, a PE ratio of 21.98 and a beta of 1.20. Resources Connection has a 52-week low of $12.41 and a 52-week high of $19.80.
A number of analysts have recently commented on RECN shares. Zacks Investment Research downgraded Resources Connection from a “hold” rating to a “sell” rating in a report on Saturday, April 8th. TheStreet cut shares of Resources Connection from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.50.
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About Resources Connection
Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.
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