Wall Street analysts are maintaining Buy rating on Lowe's Companies, Inc. (NYSE:LOW) company shares. The one year target on the name currently stands at $83.71. The stock recently touched $72.17 and has moved in the range of $71.22 - 72.24 during the current session. Based on a recent bid this places the stock +15.25% away from the 52-week floor of $62.62 and -7.63% away from the 52-week ceiling of $78.13.
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.
Inphi Corporation (NYSE:IPHI) 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 $34.13 on the stock. The stock is currently trading +3.38% away from its 200-day moving average of $26.59. Based on a recent trade, shares of Inphi Corporation are -14.94% away from the 52-week high of $32.32 and +59.92% away from the 52-week low of $17.19.
Analysts are estimating that the company will report earnings of $1.25 for the current year and $0.29 for next quarter. The stock closed the most recent trading session at $26.58.
Shares of Intrexon Corporation (NYSE:XON) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $51.00 price target and Buy rating according to the covering analysts. During today’s session the stock hit $37.58 or +7.40% from the previous close, while moving in the range of $35.61 - 37.83.
Shares of Franklin Covey Company (NYSE:FC) continue to be viewed favorably by equities brokerage firms on Wall Street. The First Call consensus which is calculated by Thomson Reuters has a $20.00 price target according to the covering analysts. During today’s session the stock hit $17.04 or +1.82% from the previous close, while moving in the range of $16.96 - 17.39. This puts the stock -17.10% away from the 52-week high of $20.93 and +26.00% away from the 52-week low of $13.77.
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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