Wall Street analysts are maintaining Buy rating on Ambarella, Inc. (NASDAQ:AMBA) company shares. The one year target on the name currently stands at $57.55. The stock recently touched $40.79 and has moved in the range of $N/A during the current session. Based on a recent bid this places the stock +22.16% away from the 52-week floor of $33.39 and -68.43% 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 $36.80 on the stock. The stock is currently trading +1.62% away from its 200-day moving average of $34.44. Based on a recent trade, shares of Methanex Corporation are -43.00% away from the 52-week high of $61.40 and +53.98% 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 $0.07 for next quarter. The stock closed the most recent trading session at $35.38.
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 $7.46 price target and Buy rating according to the covering analysts. During today’s session the stock hit $4.95 or -1.00% from the previous close, while moving in the range of $4.92 - 5.11.
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 $2.02 or +3.46% from the previous close, while moving in the range of $1.99 - 2.09. This puts the stock -43.82% away from the 52-week high of $3.72 and +32.28% 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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