Wall Street analysts are maintaining Buy rating on 8Point3 Energy Partners LP (NASDAQ:CAFD) company shares. The one year target on the name currently stands at $17.92. The stock recently touched $15.12 and has moved in the range of $15.04 - 15.15 during the current session. Based on a recent bid this places the stock +47.37% away from the 52-week floor of $10.26 and -28.51% away from the 52-week ceiling of $21.15.
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.
ConforMIS Inc (NASDAQ:CFMS) 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 $19.800 on the stock. The stock is currently trading -40.974% away from its 200-day moving average of $16.781. Based on a recent trade, shares of ConforMIS Inc are -63.219% away from the 52-week high of $26.930 and +31.105% away from the 52-week low of $7.555.
Analysts are estimating that the company will report earnings of $-1.360 for the current year and $-0.360 for next quarter. The stock closed the most recent trading session at $9.610.
Shares of Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $16.40 price target and Buy rating according to the covering analysts. During today’s session the stock hit $4.14 or +2.22% from the previous close, while moving in the range of $4.05 - 4.21.
Shares of Farmer Brothers Company (NASDAQ:FARM) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $34.38 price target according to the covering analysts. During today’s session the stock hit $26.15 or -0.69% from the previous close, while moving in the range of $25.90 - 26.25. This puts the stock -21.16% away from the 52-week high of $32.94 and +24.26% away from the 52-week low of $20.90.
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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