Q4 2019 EPS Estimates for ProShares UltraShort DJ-UBS Commodity (CMD) Lifted by KeyCorp

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) – Stock analysts at KeyCorp lifted their Q4 2019 earnings per share (EPS) estimates for shares of ProShares UltraShort DJ-UBS Commodity in a report issued on Tuesday, April 9th, according to Zacks Investment Research. KeyCorp analyst M. Mishan now forecasts that the medical instruments supplier will earn $0.64 per share for the quarter, up from their prior forecast of $0.63.

Several other analysts also recently issued reports on CMD. Raymond James downgraded ProShares UltraShort DJ-UBS Commodity from an “outperform” rating to a “market perform” rating in a report on Friday, March 1st. Needham & Company LLC restated a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Tuesday, March 5th. Zacks Investment Research downgraded ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, TheStreet downgraded ProShares UltraShort DJ-UBS Commodity from a “b-” rating to a “c+” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $112.33.

NYSEARCA CMD traded up $0.38 on Friday, reaching $68.92. The company’s stock had a trading volume of 263,823 shares, compared to its average volume of 279,585. ProShares UltraShort DJ-UBS Commodity has a twelve month low of $63.47 and a twelve month high of $130.92.

In other ProShares UltraShort DJ-UBS Commodity news, insider Lawrence Conway sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $67.00, for a total transaction of $53,600.00. Following the completion of the sale, the insider now owns 3,417 shares of the company’s stock, valued at $228,939. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,131 shares of company stock worth $75,588 in the last 90 days. 14.90% of the stock is currently owned by corporate insiders.

ProShares UltraShort DJ-UBS Commodity Company Profile

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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