In the latest trading session, Charter Communications Inc (Symbol: CHTR) saw its stock priced at $406.22, surpassing the average analyst 12-month target price of $401.09. This raises an important question: how will analysts respond to this significant price movement? They typically have two options—either to downgrade the stock due to valuation concerns or to increase their target price based on improved company prospects. If fundamentals are strong, a higher target might be warranted.
Within the Zacks coverage universe, analysts have set various targets for Charter Communications, leading to an average that doesn’t tell the whole story. For instance, one analyst has a price target as low as $210.00, while another has set a quite optimistic target at $660.00, with a standard deviation of $95.561. This broad range of opinions illustrates the varying outlooks on the company’s future.
Investing decisions can benefit from considering an average target price, which reflects a collective wisdom. As CHTR exceeds the average of $401.09 per share, it prompts investors to evaluate the company’s standing. Is this just a stepping stone to even higher valuations, or has the stock grown too pricey? Below is a summary of the current analyst ratings for Charter Communications Inc:
| Recent CHTR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 7 | 7 | 7 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 12 | 13 | 13 | 12 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 5 | 5 | 4 | 5 |
| Average rating: | 2.76 | 2.84 | 2.75 | 2.83 |
The average rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data for this analysis was provided by Zacks Investment Research via Quandl.com. For more insights, access the latest Zacks research report on CHTR—available for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
