Wall Street analysts are maintaining Buy rating on Ambarella, Inc. (NASDAQ:AMBA) company shares. The one year target on the name currently stands at $65.55. The stock recently touched $46.65 and has moved in the range of $45.93 - 47.44 during the current session. Based on a recent bid this places the stock +39.71% away from the 52-week floor of $33.39 and -63.89% away from the 52-week ceiling of $129.19.
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.
Methanex Corporation (NASDAQ:MEOH) 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 $35.090 on the stock. The stock is currently trading -8.760% away from its 200-day moving average of $35.089. Based on a recent trade, shares of Methanex Corporation are -47.858% away from the 52-week high of $61.400 and +40.849% away from the 52-week low of $22.730.
Analysts are estimating that the company will report earnings of $0.660 for the current year and $0.070 for next quarter. The stock closed the most recent trading session at $31.670.
Shares of Sterling Construction Company Inc (NASDAQ:STRL) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $7.21 price target and Buy rating according to the covering analysts. During today’s session the stock hit $5.46 or +1.11% from the previous close, while moving in the range of $5.32 - 5.46.
Shares of Camtek Ltd. (NASDAQ:CAMT) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $3.25 price target according to the covering analysts. During today’s session the stock hit $1.91 or +0.00% from the previous close, while moving in the range of $1.86 - 1.91. This puts the stock -48.66% away from the 52-week high of $3.72 and +20.89% away from the 52-week low of $1.58.
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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