Wall Street analysts are maintaining Buy rating on Raytheon Company (NYSE:RTN) company shares. The one year target on the name currently stands at $140.82. The stock recently touched $126.04 and has moved in the range of $125.18 - 126.20 during the current session. Based on a recent bid this places the stock +32.23% away from the 52-week floor of $95.32 and -3.04% away from the 52-week ceiling of $129.99.
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.
Summit Hotel Properties, Inc. (NYSE:INN) 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 $13.40 on the stock. The stock is currently trading -1.79% away from its 200-day moving average of $11.71. Based on a recent trade, shares of Summit Hotel Properties, Inc. are -21.29% away from the 52-week high of $14.61 and +27.78% away from the 52-week low of $9.00.
Analysts are estimating that the company will report earnings of $1.31 for the current year and $0.38 for next quarter. The stock closed the most recent trading session at $11.31.
Shares of Civitas Solutions, Inc. (NYSE:CIVI) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $28.63 price target and Buy rating according to the covering analysts. During today’s session the stock hit $16.26 or +1.56% from the previous close, while moving in the range of $15.99 - 16.58.
Shares of Nautilus Group, Inc. (The) (NYSE:NLS) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $25.00 price target according to the covering analysts. During today’s session the stock hit $17.54 or +4.79% from the previous close, while moving in the range of $17.55 - 18.41. This puts the stock -19.91% away from the 52-week high of $22.95 and +33.00% away from the 52-week low of $13.82.
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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