USA Compression Partners Surpasses Analyst Price Target: What’s Next?
In the latest trading session, shares of USA Compression Partners LP (Symbol: USAC) have surged past the average analyst 12-month target price of $24.67, currently priced at $25.16 per share. When a stock hits the target set by analysts, there are typically two paths to follow: they may choose to downgrade the rating due to valuation or increase their target price. Analysts’ decisions often depend on positive developments within the company’s operations that may justify a higher price prediction.
Understanding Analyst Targets: A Diverse Range
Within the Zacks coverage universe, six different analysts contribute to the price target for USA Compression Partners LP. Notably, while the average target is $24.67, individual targets reveal a broader spectrum. One analyst set a lower target of $23.00, while another predicts a price as high as $27.00. The standard deviation among these forecasts is $1.861, reflecting variability in analyst opinions.
Investor Insight: Evaluating Future Potential
The purpose of examining an average price target lies in harnessing the “wisdom of crowds,” amalgamating the insights of multiple analysts rather than relying on a single viewpoint. With USAC trading above the $24.67 target, investors are prompted to reflect: Is this price the beginning of a climb towards a higher target, or has the valuation reached a level where profit-taking might be prudent? Below is a summary of the current analyst ratings for USA Compression Partners LP:
| Recent USAC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 3.17 | 3.17 | 3.17 | 3.17 |
The ratings in the previous table range from 1 to 5, where 1 signifies Strong Buy and 5 stands for Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. For more insights, access the latest Zacks research report on USAC — it’s 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.
