There are about 6,000 companies trading on the U.S. markets, and investors have many ways to determine which company is worth their money and which should be left until it reaches better days. Analysts from Wall Street have forecasted the average target price for companies in the S&P 500 index, which is the benchmark of U.S. equities.
Since the predictions of analysts can be influenced by many conflicts of interest and tend to be optimistic, it is better to look through their negative projections. We can easily assume that analysts do not have to gain anything in terms of business while issuing a negative projection. That is why Insider Monkey pays more attention to this type of estimates. We gathered 20 stocks that are expected to lose the most in price, according to analysts.
The estimations are based on data from Bloomberg from March 15th. They are made for the next 12 months, based on recommendations from the last 12 months with five being the highest recommendations. We will walk you through the whole list of the 20 stocks. The companies are listed according to the percentage change in their prices.
Highlights from the list include Cardinal Health, Inc. (NYSE:CAH), Jabil Circuit, Inc. (NYSE:JBL), and Carnival Corporation (NYSE:CCL).
The leader of the list is Cardinal Health, Inc. (NYSE:CAH). The company has recently signed an agreement to buy AssuraMed, which will allow it to produce supplies for home treatments.
Jabil Circuit, Inc. (NYSE:JBL) also made the list for the third quarter of the year. Jabil forecasts just $0.50 to $0.58 in EPS against an existing $0.61 EPS estimate.
In the list also includes Carnival Corporation (NYSE:CCL), which has a disappointed outlook for 2013, expecting to earn about $1.80 to $2.10 in terms of EPS.
Without further ado, let’s get started.
Cardinal Health, Inc. (NYSE:CAH)
Cardinal Health is the leader of our list of 20 stocks. Shares of Cardinal Health are expected to lose 5.61%. The target price set by the analysts fell to $48.81 from $51.71 projected earlier.
Jabil Circuit, Inc. (NYSE:JBL)
Jabil Circuit, with a 3.95% decline, is the second on the list. Its shares are expected to fall to $24.12 in 2013, from the previous estimation of $25.11.
Carnival Corporation (NYSE:CCL)
The cruise company Carnival Corporation will lose about 3.77% of its share price, according to the analysts. The company’s shares will reach $39.82, down from $41.39 expected earlier.
GameStop Corp. (NYSE:GME)
GameStop Corporation’s shares will fall to $28.08, from $29.02. This is 3.25% lower than what was forecasted earlier, which places the company in third place. GameStop Corp. (NYSE:GME) is a multichannel video game retailer.
Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Bed Bath & Beyond Inc. has also made the list. The operator of the BBB retail stores will lose about 2.52% according to the analysts. In this way, BBBY shares are expected to decline to $68.53, from $70.30 in the previous estimates.
Western Digital Corp. (NASDAQ:WDC)
Western Digital Corp., a company whose primary products are hard drives, is sixth place on this list. Analysts predict that Western Digital Corp. (NASDAQ:WDC) will lose some 1.95% of its share price, which will set it at $50.52. Earlier, the price was expected to be at $51.53.
Cablevision Systems Corporation (NYSE:CVC)
The estimated target price of telecom company Cablevision Systems Corporation, owner of cable television systems, will reach $15.34, edging down by 1.76%. Earlier, analysts where expecting a price of $15.61 per share.
Cliffs Natural Resources Inc (NYSE:CLF)
Analysts also expect Cliffs Natural Resources to decline. According to them, the estimated target price will fall 1.68% to $34.88. Earlier projections showed a price of $35.87.
Mattel, Inc. (NASDAQ:MAT)
Designer and manufacturer of toys products, Mattel, Inc. is also on this list. Analysts are expecting a 1.65% decline. In this way, the price will reach $43.27, down from the $44.00 figure estimated earlier.
Frontier Communications Corp (NASDAQ:FTR)
The 10th company on the list is Frontier Communications Corp. Specializing in providing communication services for rural regions and small-to-medium sized towns in the U.S., the company’s stock price is expected fall to $4.88. Earlier, the estimations showed a price higher, by 1.39%, at $4.95.
Reynolds American, Inc. (NYSE:RAI)
With a target price of $44.14, Reynolds American is expected to lose 1.28% from its earlier projections. Earlier, analysts said the price of Reynolds American, Inc. shares will reach $44.71. Reynolds American is a cigarette manufacturer in the U.S.
Juniper Networks, Inc. (NYSE:JNPR)
Juniper Networks, a company which provides network infrastructure services and products, is in 12th place on this list. The price of Juniper Networks, Inc. (NYSE:JNPR)’s shares is expected to fall by 1.21% to $22.77. Earlier, the target price was set at $23.05.
C.R. Bard, Inc. (NYSE:BCR)
C.R. Bard, Inc. will lose about 1.20% to $102.43, according to the analysts. Earlier estimations showed that the price of C.R. Bard’s shares would reach $103.67. C. R. Bard, Inc. is a company engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices. It sells its products in over 100 countries outside the U.S.
Zions Bancorporation (NASDAQ:ZION)
Financial holding company Zions Bancorporation will lose 1.06% from its target share price, according to estimates. Forecasts from analysts shows that the share price of the company will shed to $24.27, from $24.53 estimated earlier. Zions Bancorporation owns and operates eight commercial banks, which hold a total of 485 domestic branches.
WellPoint, Inc. (NYSE:WLP)
WellPoint, Inc. is a company that specializes in health benefits. Analysts predict that the price of its shares will go 1.00% lower to $69.50. In their previous estimation, the price was set at $70.20.
PVH Corp (NYSE:PVH)
Next on our list is PVH Corp, which focuses on manufacturing shirts, sportswear and footwear. Analysts say that the share price of PVH Corp will lose 0.88% to $131.33.
Intuitive Surgical, Inc. (NASDAQ:ISRG)
Another health-products related company from our list is Intuitive Surgical, Inc. The company designs and manufactures surgical instruments and accessories. Its share price is expected to inch down by 0.85%. If this were to occur, the price would reach $608.92, down from the $614.17 mark, which was estimated earlier.
Comerica Incorporated (NYSE:CMA)
According to analysts’ forecast, the share price of Comerica Incorporated will decline by 0.83% and will reach $34.24. In their previous forecast, the target price of Comerica’s shares was set at $34.53.
Forest Laboratories, Inc. (NYSE:FRX)
Forest Laboratories, Inc. is a company that develops, produces and sells branded forms of ethical drug products. Analysts think its shares will fall by 0.79% to $38.47. Their earlier prediction showed a price of $38.78 per share.
Kohl’s Corporation (NYSE:KSS)
Lastly we have Kohl’s Corporation. With a 0.71% decline, shares of Kohl’s are expected to sport to a price of $48.65, lower than the previous estimation of $49.00. Kohl’s operates family-oriented department stores, which sell apparel, footwear, and accessories, and other home products.
Disclosure: none
