Wall Street analysts are maintaining Buy rating on Align Technology, Inc. (NASDAQ:ALGN) company shares. The one year target on the name currently stands at $76.40. The stock recently touched $70.54 and has moved in the range of $70.13 - 70.98 during the current session. Based on a recent bid this places the stock +36.57% away from the 52-week floor of $51.65 and -1.55% away from the 52-week ceiling of $71.65.
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.
China Lodging Group, Limited (NASDAQ:HTHT) 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 $34.06 on the stock. The stock is currently trading +2.47% away from its 200-day moving average of $27.84. Based on a recent trade, shares of China Lodging Group, Limited are -13.55% away from the 52-week high of $33.00 and +85.86% away from the 52-week low of $15.35.
Analysts are estimating that the company will report earnings of $6.93 for the current year and $0.13 for next quarter. The stock closed the most recent trading session at $28.56.
Shares of Attunity Ltd. (NASDAQ:ATTU) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $11.75 price target and Buy rating according to the covering analysts. During today’s session the stock hit $6.68 or -5.38% from the previous close, while moving in the range of $6.66 - 7.00.
Shares of Magic Software Enterprises Ltd. (NASDAQ:MGIC) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $9.67 price target according to the covering analysts. During today’s session the stock hit $6.85 or +0.44% from the previous close, while moving in the range of $6.86 - 6.90. This puts the stock -4.44% away from the 52-week high of $7.20 and +34.11% away from the 52-week low of $5.13.
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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