Wall Street analysts are maintaining Buy rating on Ambarella, Inc. (NASDAQ:AMBA) company shares. The one year target on the name currently stands at $57.5500. The stock recently touched $38.4245 and has moved in the range of $38.2200 - 39.8900 during the current session. Based on a recent bid this places the stock +15.0779% away from the 52-week floor of $33.3900 and -70.2574% away from the 52-week ceiling of $129.1900.
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 $35.82 on the stock. The stock is currently trading -4.70% away from its 200-day moving average of $34.61. Based on a recent trade, shares of Methanex Corporation are -46.29% away from the 52-week high of $61.40 and +45.09% away from the 52-week low of $22.73.
Analysts are estimating that the company will report earnings of $0.64 for the current year and $0.08 for next quarter. The stock closed the most recent trading session at $34.47.
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 $5.16 or -1.15% from the previous close, while moving in the range of $4.68 - 5.25.
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 $3.2500 price target according to the covering analysts. During today’s session the stock hit $2.0500 or -2.3756% from the previous close, while moving in the range of $2.0013 - 2.0600. This puts the stock -46.2016% away from the 52-week high of $3.7200 and +26.6646% away from the 52-week low of $1.5800.
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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