Some individual investors may rely heavily on Wall Street analyst opinions when conducting their own stock research. Focusing in on shares of AMC Networks Inc. (NASDAQ:AMCX), we have seen that the average broker rating is currently 3. This average rating follows a numerical scale where a 1 would signify a Strong Buy rating, and a 5 would indicate a Strong Sell rating. Out of the sell-side analysts polled by Zacks Research, 2 have given the stock a Strong Buy or Buy rating.
At times, investors may be prone to making impulsive or irrational decisions when it comes to the stock market. Finding a way to leave emotions out of important investing decisions can greatly assist the investor in achieving their goals. Investors who stay committed to a plan may be able to fight off emotional urges when certain situations arise. Investors may find it useful to rebalance the portfolio as opposed to chasing market performance when adjustments need to be made. Making sure the stock portfolio is aligned to suit the goals of the individual investor may play an important role in being able to consistently sustain profits well into the future.
Zooming in on the current quarter EPS consensus estimate for AMC Networks Inc. (NASDAQ:AMCX), we see that the current number is 2.8. This EPS estimate is using 12 Wall Street analysts polled by Zacks Research. Last quarter, the company stated a quarterly EPS of 2.15. Sell-side analysts have the task of examining companies and providing estimates relating to future results. These estimates carry a lot of weight on the Street, and earnings hits or misses revolve around these numbers. Sometimes these predictions are very close to the actual reported number, and other times they are not. Many investors will be closely watching which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely out of the ordinary after combing through the results.
Individual investors might be looking at all the angles in order to concoct a winning plan for the next few quarters. The diligent investor is typically on the ball and ready to encounter any unforeseen market movements. Monitoring recent stock price activity on shares of AMC Networks Inc. (NASDAQ:AMCX) we have noted that the stock price has been trading near $63.76. Turning the focus to some historical price information, we note that the stock has moved 6.02% over the previous 12 weeks. Since the start of the year, we note that shares have seen a change of 16.18%. Over the last 4 weeks, shares have seen a change of -0.62%. Over the last 5 sessions, the stock has moved 1.14%. After a recent scan, we can see that the 52-week high is currently $67.82, and the 52-week low is presently $49.11.
Following shares of AMC Networks Inc. (NASDAQ:AMCX), we can see that the average consensus target price based on contributing analysts is currently $63.43. Wall Street analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Navigating the equity markets can seem daunting at times. Finding ways to identify the important data can make a big difference in sustaining profits into the future. As we move closer to the end of the year, investors will be watching to see which way the momentum shifts and if stocks are still primed to go higher. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.
Individual investors often have a lot to deal with when surveying the stock market landscape. Choosing stocks based on recent performance may not work out as well as planned. Stocks that were winners last year, last month, or even last week, may not be winners next week, next month, or next year. Digging into the fundamentals can help the investor see what stocks are set up for future success. Taking multiple approaches when viewing a certain security may help the investor put the puzzle together and see the bigger picture. Staying current on economic data can also help the investor obtain a broader sense of what is driving present market conditions.