Resources Connection, Inc. (RECN) Forms $16.30 Double Top; Tree Island Steel Ltd. (TSE:TSL) Covered By 2 Bulls

Resources Connection, Inc. (RECN) formed double top with $16.95 target or 4.00% above today’s $16.30 share price. Resources Connection, Inc. (RECN) has $511.41M valuation. It closed at $16.3 lastly. It is down 11.17% since March 13, 2017 and is downtrending. It has underperformed by 27.87% the S&P500.

Among 2 analysts covering Tree Island Steel Ltd (TSE:TSL), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tree Island Steel Ltd had 7 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Raymond James given on Monday, February 27. See Tree Island Steel Ltd. (TSE:TSL) latest ratings:

Analysts await Resources Connection, Inc. (NASDAQ:RECN) to report earnings on April, 4. They expect $0.15 EPS, up 66.67% or $0.06 from last year’s $0.09 per share. RECN’s profit will be $4.71 million for 27.17 P/E if the $0.15 EPS becomes a reality. After $0.25 actual EPS reported by Resources Connection, Inc. for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.43, from 1.29 in 2017Q2. It dropped, as 3 investors sold Resources Connection, Inc. shares while 39 reduced holdings. 21 funds opened positions while 33 raised stakes. 23.67 million shares or 1.20% less from 23.96 million shares in 2017Q2 were reported. Ameriprise Inc has 176,557 shares. Natl Bank Of Ny Mellon Corporation has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Ameritas Invest Partners accumulated 2,400 shares or 0% of the stock. Adams Diversified Equity Fund holds 0.06% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN) for 83,100 shares. Geode Cap Management Lc has 579,614 shares. Manufacturers Life Ins The accumulated 24,025 shares. State Teachers Retirement System accumulated 18,470 shares or 0% of the stock. Moreover, Blackrock has 0% invested in Resources Connection, Inc. (NASDAQ:RECN) for 3.67 million shares. California Employees Retirement Systems holds 176,887 shares. Aqr Capital Management Ltd accumulated 97,266 shares or 0% of the stock. Us State Bank De reported 208 shares. Texas Permanent School Fund accumulated 0% or 20,497 shares. California State Teachers Retirement Sys has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Glenmede Na accumulated 221 shares or 0% of the stock. Aviance Prns Ltd Liability Corp accumulated 33,381 shares or 0.16% of the stock.

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. had 9 analyst reports since August 18, 2016 according to SRatingsIntel. As per Friday, August 25, the company rating was maintained by Robert W. Baird. The firm has “Sell” rating given on Friday, July 21 by Deutsche Bank. The stock of Resources Connection, Inc. (NASDAQ:RECN) has “Sell” rating given on Thursday, January 4 by J.P. Morgan. Deutsche Bank maintained the shares of RECN in report on Thursday, October 6 with “Sell” rating. The firm earned “Neutral” rating on Thursday, October 6 by Robert W. Baird. Robert W. Baird maintained Resources Connection, Inc. (NASDAQ:RECN) rating on Wednesday, January 3. Robert W. Baird has “Hold” rating and $16.0 target. On Thursday, January 4 the stock rating was downgraded by JP Morgan to “Underweight”. The rating was initiated by Deutsche Bank with “Sell” on Thursday, August 18. The rating was maintained by Robert W. Baird with “Hold” on Friday, November 10.