Wall Street analysts are maintaining Buy rating on Allergan, Inc. (NYSE:AGN) company shares. The one year target on the name currently stands at $309.47. The stock recently touched $222.57 and has moved in the range of $220.75 - 228.97 during the current session. Based on a recent bid this places the stock +0.82% away from the 52-week floor of $220.75 and -34.60% away from the 52-week ceiling of $340.34.
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.
Arrow Electronics, Inc. (NYSE:ARW) 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 $66.33 on the stock. The stock is currently trading +12.20% away from its 200-day moving average of $56.63. Based on a recent trade, shares of Arrow Electronics, Inc. are -3.02% away from the 52-week high of $65.52 and +40.48% away from the 52-week low of $45.23.
Analysts are estimating that the company will report earnings of $6.62 for the current year and $1.64 for next quarter. The stock closed the most recent trading session at $63.21.
Shares of Flagstar Bancorp, Inc. (NYSE:FBC) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $24.93 price target and Buy rating according to the covering analysts. During today’s session the stock hit $21.45 or +1.08% from the previous close, while moving in the range of $20.95 - 21.46.
Shares of Xactly Corp (NYSE:XTLY) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $13.33 price target according to the covering analysts. During today’s session the stock hit $7.35 or +3.27% from the previous close, while moving in the range of $7.22 - 7.91. This puts the stock -28.87% away from the 52-week high of $10.67 and +62.18% away from the 52-week low of $4.68.
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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