Wall Street analysts are maintaining Buy rating on Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) company shares. The one year target on the name currently stands at $107.25. The stock recently touched $92.48 and has moved in the range of $91.07 - 93.59 during the current session. Based on a recent bid this places the stock +19.38% away from the 52-week floor of $77.47 and -9.97% away from the 52-week ceiling of $102.72.
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.
Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) 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 $74.81 on the stock. The stock is currently trading +19.15% away from its 200-day moving average of $63.05. Based on a recent trade, shares of Qihoo 360 Technology Co. Ltd. are -0.09% away from the 52-week high of $75.20 and +80.43% away from the 52-week low of $41.64.
Analysts are estimating that the company will report earnings of $3.35 for the current year and $1.10 for next quarter. The stock closed the most recent trading session at $74.93.
Shares of American Tower Corporation (REIT) (NYSE:AMT) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $115.30 price target and Buy rating according to the covering analysts. During today’s session the stock hit $98.46 or +3.96% from the previous close, while moving in the range of $95.42 - 98.56.
Shares of Ashland Inc. (NYSE:ASH) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $119.11 price target according to the covering analysts. During today’s session the stock hit $98.46 or +2.95% from the previous close, while moving in the range of $99.14 - 101.47. This puts the stock -23.43% away from the 52-week high of $132.38 and +14.79% away from the 52-week low of $88.30.
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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