20 Stocks With The Potential To Pop
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.
So far this year, the S&P 500 is up nearly 8.58 percent, with less than half (211) of the index components outperforming the overall market. Stocks with positive performance this year, CNBC’s Analytics teamlooked at the ones that have average consensus estimates farthest above their current stock prices. Companies which have seen their values drop by more than 10 percent YTD are excluded from this list, in order to compensate for any time lag in analyst estimates. All values including analysts’ estimates are as of the market close on July 2, 2012.
So, which stocks are analysts expecting to have the biggest pops? Click ahead to find out!
By Giovanny Moreano & Paul Toscano
Posted 2 July 2012
20. CBRE Group (CBG)
Potential to Pop: 40.78%
Mean Price Target: $22.75
Closing Price (7/2): $16.16
Number of Analysts: 4
High Estimate: $24
Low Estimate: $21
Get CBG Real-Time Quote
19. Unum Group (UNM)
Potential to Pop: 40.82%
Mean Price Target: $27.29
Closing Price (7/2): $19.38
Number of Analysts:12
High Estimate: $36
Low Estimate: $22
Get UNM Real-Time Quote
18. QEP Resources (QEP)
Potential to Pop: 40.93%
Mean Price Target: $41.39
Closing Price (7/2): $29.37
Number of Analysts: 14
High Estimate: $58
Low Estimate: $34
Get QEP Real-Time Quote
17. Noble Corp (NE)
Potential to Pop: 41.01%
Mean Price Target: $45.70
Closing Price (7/2): $32.41
Number of Analysts: 30
High Estimate: $61
Low Estimate: $36
Get NE Real-Time Quote
16. Pioneer Natural Resources Co (PXD)
Potential to Pop: %46.19
Mean Price Target: $125.26
Closing Price (7/2): $85.682
Number of Analysts:
High Estimate: $
Low Estimate: $
Get PXD Real-Time Quote
15. Devon Energy Corp (DVN)
Potential to Pop: 44.93%
Mean Price Target: $82.8
Closing Price (7/2): $57.13
Number of Analysts: 25
High Estimate: $114
Low Estimate: $67
Get DVN Real-Time Quote
14. Advanced Micro Devices Inc (AMD)
Potential to Pop: 45.39%
Mean Price Target: $8.36
Closing Price (7/2): $5.75
Number of Analysts: 29
High Estimate: $14
Low Estimate: $4
Get AMD Real-Time Quote
13. National Oilwell Varco Inc (NOV)
Potential to Pop: 45.42%
Mean Price Target: $93.65
Closing Price (7/2): $64.40
Number of Analysts: 23
High Estimate: $128
Low Estimate: $71
Get NOV Real-Time Quote
12. Citigroup (C)
Potential to Pop: 47.09%
Mean Price Target: $40.39
Closing Price (7/2): $27.46
Number of Analysts: 24
High Estimate: $50
Low Estimate: $23
Get C Real-Time Quote
11. The Hartford Financial Services GroupInc (HIG)
Potential to Pop: 47.22%
Mean Price Target: $25.69
Closing Price (7/2): $17.45
Number of Analysts: 13
High Estimate: $33
Low Estimate: $20
Get HIG Real-Time Quote
10. Caterpillar (CAT)
Potential to Pop: 49.00%
Mean Price Target: $124.68
Closing Price (7/2): $83.68
Number of Analysts: 19
High Estimate: $142
Low Estimate: $95
Get CAT Real-Time Quote
9. Fluor Corp (FLR)
Potential to Pop: 49.18%
Mean Price Target: $73.35
Closing Price (7/2): $49.17
Number of Analysts: 20
High Estimate: $83
Low Estimate: $63
Get FLR Real-Time Quote
8. Micron Technology (MU)
Potential to Pop: 52.21%
Mean Price Target: $9.97
Closing Price (7/2): $6.55
Number of Analysts: 27
High Estimate: $12
Low Estimate: $6
Get MU Real-Time Quote
7. Metlife (MET)
Potential to Pop: 52.51%
Mean Price Target: $46.76
Closing Price (7/2): $30.66
Number of Analysts: 17
High Estimate: $60
Low Estimate: $40
Get MET Real-Time Quote
6. Teradyne (TER)
Potential to Pop: 52.89%
Mean Price Target: $21.42
Closing Price (7/2): $14.01
Number of Analysts: 12
High Estimate: $26
Low Estimate: $15
Get TER Real-Time Quote
5. Owens Illinois (OI)
Potential to Pop: 53.87%
Mean Price Target: $29.45
Closing Price (7/2): $19.14
Number of Analysts: 11
High Estimate: $38
Low Estimate: $22
Get OI Real-Time Quote
4. Freeport-McMoRan (FCX)
Potential to Pop: 53.96%
Mean Price Target: $52.16
Closing Price (7/2): $33.88
Number of Analysts: 19
High Estimate: $66
Low Estimate: $40
Get FCX Real-Time Quote
3. Western Digital (WDC)
Potential to Pop: 57.71%
Mean Price Target: $47.06
Closing Price (7/2): $29.84
Number of Analysts: 18
High Estimate: $61
Low Estimate: $30
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2. LSI Corp (LSI)
Potential to Pop: 61.66%
Mean Price Target: $10.33
Closing Price (7/2): $6.39
Number of Analysts: 15
High Estimate: $14
Low Estimate: $6.50
Get LSI Real-Time Quote
1. Denbury Resources (DNR)
Potential to Pop: 64.46%
Mean Price Target: $24.62
Closing Price (7/2): $14.97
Number of Analysts: 17
High Estimate: $33
Low Estimate: $18
Get DNR Real-Time Quote