Wall Street analysts are maintaining Buy rating on Ciena Corporation (NYSE:CIEN) company shares. The one year target on the name currently stands at $23.42. The stock recently touched $17.55 and has moved in the range of $17.29 - 17.68 during the current session. Based on a recent bid this places the stock +7.54% away from the 52-week floor of $16.32 and -33.77% away from the 52-week ceiling of $26.50.
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.
Ryder System, Inc. (NYSE:R) 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 $71.45 on the stock. The stock is currently trading -5.16% away from its 200-day moving average of $64.74. Based on a recent trade, shares of Ryder System, Inc. are -38.99% away from the 52-week high of $100.64 and +36.08% away from the 52-week low of $45.12.
Analysts are estimating that the company will report earnings of $6.13 for the current year and $1.60 for next quarter. The stock closed the most recent trading session at $59.77.
Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $29.25 price target and Buy rating according to the covering analysts. During today’s session the stock hit $26.59 or +4.44% from the previous close, while moving in the range of $25.68 - 26.86.
Shares of Kaman Corporation (NYSE:KAMN) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $43.80 price target according to the covering analysts. During today’s session the stock hit $40.29 or +0.37% from the previous close, while moving in the range of $40.21 - 40.76. This puts the stock -8.65% away from the 52-week high of $44.27 and +15.25% away from the 52-week low of $35.09.
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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