Wall Street analysts are maintaining Buy rating on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) company shares. The one year target on the name currently stands at $40.75. The stock recently touched $34.62 and has moved in the range of $34.54 - 34.98 during the current session. Based on a recent bid this places the stock +48.58% away from the 52-week floor of $23.30 and -6.43% away from the 52-week ceiling of $37.00.
When stocks are given “Buy” ratings by analysts, the reasons or criteria for that recommendation can greatly vary. Typically when a stock is given this label, analysts are expecting that the stock will outperform their peers, their sector or the market over a 6 to 12 month time frame. Several factors might include near-term catalysts, future earnings growth. Many analysts only give a Buy recommendation when they expect that the stock will yield a return of at least 5-10% over the course of a year. Since analyst criteria and recommendation terminology can differ, we can look at consensus numbers to get a feel of overall analyst sentiment.
TASER International, Inc. (NASDAQ:TASR) has been given a consensus Buy rating by analysts on Wall Street. According to Thomson Reuters' First Call, research brokers have a one year price target of $26.60 on the stock. The stock is currently trading -16.20% away from its 200-day moving average of $19.83. Based on a recent trade, shares of TASER International, Inc. are -53.77% away from the 52-week high of $35.95 and +22.57% away from the 52-week low of $13.56.
Analysts are estimating that the company will report earnings of $0.31 for the current year and $0.05 for next quarter. The stock closed the most recent trading session at $17.00.
Shares of Concert Pharmaceuticals, Inc. (NASDAQ:CNCE) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $28.50 price target and Buy rating according to the covering analysts. During today’s session the stock hit $12.97 or -1.59% from the previous close, while moving in the range of $12.66 - 13.06.
Shares of Universal Truckload Services, Inc. (NASDAQ:UACL) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $21.50 price target according to the covering analysts. During today’s session the stock hit $15.46 or -1.36% from the previous close, while moving in the range of $15.24 - 15.32. This puts the stock -44.81% away from the 52-week high of $27.63 and +37.14% away from the 52-week low of $11.12.
Exact definitions of a “Buy” rating can greatly vary depending on the equity research firm. The consensus rating simply provides an average of those recommendations. It's important to note that a “Buy” rating does not mean that every investor should acquire the stock. It is just a single factor among many that should be considered before making an investment decision.
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