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USA Today: 13 Stocks With Highest Price Target Relative to Current Price

By    |   Wednesday, 23 Jul 2014 11:36 AM

When a stock analyst comes up with a price target that is miles above the stock's current price and also exceeds other analysts' estimates, there are two possibilities.

The analyst could be living in fantasy land, perhaps hoping to please executives at the company in question so it will send investment banking business to the analyst's firm.

Or the analyst could be on to something that others aren't.

Editor’s Note: Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now

USA Today, using date from S&P Capital IQ, came up with a list of the 13 companies in the Standard & Poor's 500 index that have one analyst or more with a price target that's at least 60 percent higher than the current price. The price target applies for the next 18 months.

Company Symbol % Upside to High Target Average target Tuesday's Close
Chesapeake Energy  CHK 150 percent  $33.62  $26.85
Merck  MRK 114 percent  $64.47  $58.43
Peabody Energy  BTU 98 percent  $20.62  $15.18
Avon  AVP 81 percent  $16.21  $13.84
ADT  ADT 78 percent  $39.71  $33.16
Tesoro  TSO 73 percent  $67.25  $57.98
Wynn Resorts  WYNN 69 percent  $245.70  $207.29
Denbury Resources  DNR 66 percent  $21.10  $17.47
Intuitive Surgical  ISRG 66 percent  $461.06  $392.16
Michael Kors  KORS 63 percent  $107.50  $82.22
PVH   PVH 63 percent  $145.90  $110.80
Urban Outfitters  URBN 63 percent   $42  $33.84
Range Resources  RRC 61 percent  $101.10  $76.57
Sources: S&P Capital IQ, USA TODAY research

As for Chesapeake Energy, Morningstar analyst Mark Hanson puts its fair value at $37. That's 38 percent above Tuesday's close. "We're bullish on the company's ability to increase production and reserves," he writes on Morningstar.com.

Editor’s Note: Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now

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The analyst could be living in fantasyland, perhaps hoping to please executives at the company in question so it will send investment banking business to the analyst's firm.
Stocks, highest, price, target
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2014-36-23
Wednesday, 23 Jul 2014 11:36 AM
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