Wall Street analysts are maintaining Buy rating on Honeywell International Inc. (NYSE:HON) company shares. The one year target on the name currently stands at $115.14. The stock recently touched $108.97 and has moved in the range of $107.99 - 109.81 during the current session. Based on a recent bid this places the stock +25.25% away from the 52-week floor of $87.00 and -0.76% away from the 52-week ceiling of $109.81.
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.
Globus Medical, Inc. (NYSE:GMED) 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 $31.40 on the stock. The stock is currently trading -4.64% away from its 200-day moving average of $24.85. Based on a recent trade, shares of Globus Medical, Inc. are -18.25% away from the 52-week high of $28.99 and +15.72% away from the 52-week low of $20.48.
Analysts are estimating that the company will report earnings of $1.08 for the current year and $0.29 for next quarter. The stock closed the most recent trading session at $23.48.
Shares of Mobile TeleSystems OJSC (NYSE:MBT) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $7.840 price target and Buy rating according to the covering analysts. During today’s session the stock hit $7.345 or +0.754% from the previous close, while moving in the range of $7.315 - 7.550.
Shares of American Equity Investment Life Holding Company (NYSE:AEL) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $23.43 price target according to the covering analysts. During today’s session the stock hit $14.19 or +1.97% from the previous close, while moving in the range of $14.20 - 14.47. This puts the stock -51.80% away from the 52-week high of $30.02 and +14.39% away from the 52-week low of $12.65.
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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