Wall Street analysts are maintaining Buy rating on Nike, Inc. (NYSE:NKE) company shares. The one year target on the name currently stands at $71.91. The stock recently touched $62.66 and has moved in the range of $62.63 - 63.49 during the current session. Based on a recent bid this places the stock +32.61% away from the 52-week floor of $47.25 and -8.12% away from the 52-week ceiling of $68.19.
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.
XPO Logistics, Inc. (NYSE:XPO) 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 $44.80 on the stock. The stock is currently trading -12.88% away from its 200-day moving average of $28.46. Based on a recent trade, shares of XPO Logistics, Inc. are -51.33% away from the 52-week high of $50.96 and +37.47% away from the 52-week low of $18.04.
Analysts are estimating that the company will report earnings of $-0.47 for the current year and $0.28 for next quarter. The stock closed the most recent trading session at $25.82.
Shares of Crescent Point Energy Corporation (NYSE:CPG) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $12.25 price target and Buy rating according to the covering analysts. During today’s session the stock hit $12.15 or +2.45% from the previous close, while moving in the range of $12.03 - 12.36.
Shares of Opko Health Inc (NYSE:OPK) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $17.20 price target according to the covering analysts. During today’s session the stock hit $9.14 or +1.64% from the previous close, while moving in the range of $9.01 - 9.33. This puts the stock -51.61% away from the 52-week high of $19.20 and +30.48% away from the 52-week low of $7.12.
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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