20 Stocks with the Potential to Drop
It's the basic question when investing in a stock: is it on the way up or down?
To answer this question, the street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation.
After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed. With data from Thomson Reuters, CNBC.com took a look at which stocks in the S&P 500 have average consensus estimates farthest below their stock prices.
According to the latest data, only 10 stocks, or about 2 percent of the index constituents, are expected to go down in value by 4 percent or more. And only 13 companies are trading within 1 percent of their respective price target estimates. The prices and analyst estimates presented here are as of the market close on June 8, 2011.
So, which stocks are analysts expecting to have the biggest pops? Click ahead to find out!
By Giovanny Moreano & Paul Toscano
Posted June 8 2011
20. Duke Energy (DUK)
Potential to Drop: -0.84%
Mean Price Target: $18.31
Closing Price (6/8): $18.46
Number of Analysts: 12
High Estimate: $19
Low Estimate: $17
Get DUK Real-Time Quote
19. Public Storage (PSA)
Potential to Drop: -1.51%
Mean Price Target: $114.47
Closing Price (6/8): $116.23
Number of Analysts: 19
High Estimate: $125
Low Estimate: $94
Get PSA Real-Time Quote
18. Consolidated Edison (ED)
Potential to Drop: -1.58%
Mean Price Target: $51.73
Closing Price (6/8): $52.56
Number of Analysts: 11
High Estimate: $57
Low Estimate: $46
Get ED Real-Time Quote
17. Clorox (CLX)
Potential to Drop: -1.86%
Mean Price Target: $65.60
Closing Price (6/8): $66.84
Number of Analysts: 15
High Estimate: $72
Low Estimate: $58
Get CLX Real-Time Quote
16. Forest Labs (FRX)
Potential to Drop: -2.19%
Mean Price Target: $36.25
Closing Price (6/8): $37.06
Number of Analysts: 20
High Estimate: $42
Low Estimate: $23
Get FRX Real-Time Quote
15. Progress Energy (PGN)
Potential to Drop: -2.30%
Mean Price Target: $45.82
Closing Price (6/8): $46.90
Number of Analysts: 14
High Estimate: $49
Low Estimate: $40
Get PGN Real-Time Quote
14. Hormel Foods (HRL)
Potential to Drop: -2.63%
Mean Price Target: $28.09
Closing Price (6/8): $28.85
Number of Analysts: 11
High Estimate: $32
Low Estimate: $22
Get HRL Real-Time Quote
13. AvalonBay Communities (ABV)
Potential to Drop: -3.56%
Mean Price Target: $127.90
Closing Price (6/8): $132.62
Number of Analysts: 21
High Estimate: $150
Low Estimate: $89
Get AVB Real-Time Quote
12. Cintas Corp (CTAS)
Potential to Drop: -3.89%
Mean Price Target: $30.29
Closing Price (6/8): $31.51
Number of Analysts: 7
High Estimate: $37
Low Estimate: $24
Get CTAS Real-Time Quote
11. Eli Lilly (LLY)
Potential to Drop: -3.98%
Mean Price Target: $35.79
Closing Price (6/8): $37.27
Number of Analysts: 14
High Estimate: $43
Low Estimate: $28
Get LLY Real-Time Quote
10. Pepco Holdings (POM)
Potential to Drop: -4.76%
Mean Price Target: $18.44
Closing Price (6/8): $19.36
Number of Analysts: 4
High Estimate: $19
Low Estimate: $17
Get POM Real-Time Quote
9. Equity Residential (EQR)
Potential to Drop: -4.78%
Mean Price Target: $58.06
Closing Price (6/8): $60.98
Number of Analysts: 20
High Estimate: $67
Low Estimate: $45
Get EQR Real-Time Quote
8. Autonation (AN)
Potential to Drop: -4.78%
Mean Price Target: $31.50
Closing Price (6/8): $33.27
Number of Analysts: 10
High Estimate: $35
Low Estimate: $25
Get AN Real-Time Quote
7. Netflix (NFLX)
Potential to Drop: -5.33%
Mean Price Target: $248.27
Closing Price (6/8): $262.26
Number of Analysts: 22
High Estimate: $316
Low Estimate: $80
Get NFLX Real-Time Quote
6. Dominion Resources (D)
Potential to Drop: -5.38%
Mean Price Target: $45.13
Closing Price (6/8): $47.69
Number of Analysts: 12
High Estimate: $50
Low Estimate: $38
Get D Real-Time Quote
5. Ameren Corp (AEE)
Potential to Drop: -6.44%
Mean Price Target: $26.83
Closing Price (6/8): $28.68
Number of Analysts: 6
High Estimate: $29
Low Estimate: $23
Get AEE Real-Time Quote
4. Cephalon Inc (CEPH)
Potential to Drop: -6.48%
Mean Price Target: $74.54
Closing Price (6/8): $79.70
Number of Analysts: 13
High Estimate: $82
Low Estimate: $48
Get CEPH Real-Time Quote
3. National Semiconductor (NSM)
Potential to Drop: -8.21%
Mean Price Target: $22.57
Closing Price (6/8): $24.59
Number of Analysts: 14
High Estimate: $25
Low Estimate: $12
Get NSM Real-Time Quote
2. Sears Holdings (SHLD)
Potential to Drop: -11.21%
Mean Price Target: $59
Closing Price (6/8): $66.45
Number of Analysts: 4
High Estimate: $70
Low Estimate: $50
Get SHLD Real-Time Quote
1. Nicor Inc. (GAS)
Potential to Drop: -17.27%
Mean Price Target: $44.33
Closing Price (6/8): $53.59
Number of Analysts: 3
High Estimate: $52
Low Estimate: $38
Get GAS Real-Time Quote