Even though we're currently in one of the worst bear markets in history, only 9 of the 431 stocks in the S&P 500 trading above $10/share have consensus analyst price targets that are below their current prices. On the other hand, nearly 25% of the 431 stocks have price targets that are more than 50% above current prices. Below we highlight S&P 500 stocks (>$10) that are currently the furthest below their price targets. As shown, Massey Energy (MEE) has a price target that is 172% above its current price of $19.05. AK Steel, Freeport-McMoRan, and Consol Energy rank 2nd, 3rd, and 4th behind MEE, and they're all Energy or Materials names. Other notables on the list include MS, HIG, X, and HAL. Either analysts are extremely bullish on these names, or they haven't been able to lower price targets quick enough to keep up with falling stock prices. Expect to see price targets lowered for these names in the coming months, but it's probably best not to pay attention to the news when it occurs since the analysts have been so wrong on the stocks already.
Below we list the nine stocks that are currently trading above their consensus analyst price targets. Most of these stocks are above their price targets because they've performed well this year, which probably means analysts will need to raise their targets in the future.
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