Top Ten Brokerages You Can Trust in 2018

Posted on Tuesday, December 18th, 2018 by MarketBeat Staff

There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 175,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.

MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price was going to hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months. This tracking system has been applied to the 650,000+ ratings that MarketBeat has tracked during the last five years to identify which brokerages you can really trust (and which you can safely ignore).

This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.

#1 - CL King

Average 12 Month ROI on "Buy" Recommendations: 23.182%
Variance of Price Targets: 75.247% (Lower is Better)
Based on: 20 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from CL King:

  • Repligen Co. (NASDAQ: RGEN) was upgraded by analysts at CL King from a "neutral" rating to a "buy" rating. (12/17/2018)
  • GCP Applied Technologies Inc (NYSE: GCP) had its "neutral" rating re-affirmed by analysts at CL King. (12/13/2018)
  • B&G Foods, Inc. (NYSE: BGS) is now covered by analysts at CL King. They set a "buy" rating and a $37.50 price target on the stock. (12/12/2018)
  • PVH Corp (NYSE: PVH) was upgraded by analysts at CL King from a "buy" rating to a "strong-buy" rating. (11/30/2018)
  • Simply Good Foods Co (NASDAQ: SMPL) is now covered by analysts at CL King. They set a "buy" rating on the stock. (11/19/2018)

#2 - JPMorgan Chase & Co.

Average 12 Month ROI on "Buy" Recommendations: 141.137%
Variance of Price Targets: 71.102% (Lower is Better)
Based on: 893 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from JPMorgan Chase & Co.:

  • Meggitt plc (LON: MGGT) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 700 to GBX 650. They now have an "overweight" rating on the stock. (12/18/2018)
  • Cybg Plc (LON: CYBG) was upgraded by analysts at JPMorgan Chase & Co. to a "neutral" rating. They now have a GBX 220 price target on the stock, down previously from GBX 310. (12/18/2018)
  • Pendragon PLC (LON: PDG) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 23 to GBX 21. They now have a "neutral" rating on the stock. (12/18/2018)
  • Sherwin-Williams Co (NYSE: SHW) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $415.00 price target on the stock, up previously from $380.00. (12/17/2018)
  • H & M Hennes & Mauritz AB (STO: HM-B) was given a new SEK 105 price target on by analysts at JPMorgan Chase & Co.. They now have a "sell" rating on the stock. (12/17/2018)

#3 - Societe Generale

Average 12 Month ROI on "Buy" Recommendations: 45.723%
Variance of Price Targets: 72.278% (Lower is Better)
Based on: 39 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Societe Generale:

  • ASOS plc (LON: ASC) had its price target lowered by analysts at Societe Generale from £100.41 to GBX 5,217. They now have a "buy" rating on the stock. (12/18/2018)
  • Assd Brit FOODS/ADR (OTCMKTS: ASBFY) is now covered by analysts at Societe Generale. They set a "hold" rating on the stock. (12/11/2018)
  • Bollore SA (OTCMKTS: BOIVF) is now covered by analysts at Societe Generale. They set a "hold" rating on the stock. (12/7/2018)
  • Bayer AG (FRA: BAYN) was given a new €72.00 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (12/6/2018)
  • Ferguson Plc (LON: FERG) had its price target lowered by analysts at Societe Generale from GBX 7,200 to GBX 6,750. They now have a "buy" rating on the stock. (12/5/2018)

#4 - CIBC

Average 12 Month ROI on "Buy" Recommendations: 33.687%
Variance of Price Targets: 70.387% (Lower is Better)
Based on: 592 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CIBC:

  • Carlisle Companies, Inc. (NYSE: CSL) was upgraded by analysts at CIBC from a "market perform" rating to an "outperform" rating. (12/17/2018)
  • Twin Disc, Incorporated (NASDAQ: TWIN) is now covered by analysts at CIBC. They set an "outperform" rating on the stock. (12/17/2018)
  • Goldcorp Inc. (NYSE: GG) was upgraded by analysts at CIBC from a "neutral" rating to a "sector outperform" rating. (12/17/2018)
  • Agnico Eagle Mines Ltd (NYSE: AEM) had its "buy" rating re-affirmed by analysts at CIBC. (12/16/2018)
  • Pretium Resources Inc (NYSE: PVG) had its "hold" rating re-affirmed by analysts at CIBC. They now have a $13.00 price target on the stock. (12/16/2018)

#5 - FBN Securities

Average 12 Month ROI on "Buy" Recommendations: 32.905%
Variance of Price Targets: 70.029% (Lower is Better)
Based on: 31 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from FBN Securities:

  • World Wrestling Entertainment, Inc. (NYSE: WWE) was upgraded by analysts at FBN Securities from a "sector perform" rating to an "outperform" rating. (11/27/2018)
  • Zuora Inc (NYSE: ZUO) is now covered by analysts at FBN Securities. They set an "outperform" rating on the stock. (10/16/2018)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) is now covered by analysts at FBN Securities. They set an "outperform" rating on the stock. (9/13/2018)
  • NVIDIA Co. (NASDAQ: NVDA) is now covered by analysts at FBN Securities. They set an "outperform" rating and a $300.00 price target on the stock. (6/26/2018)
  • Nutanix Inc (NASDAQ: NTNX) had its price target raised by analysts at FBN Securities from $60.00 to $65.00. They now have an "outperform" rating on the stock. (5/29/2018)

#6 - Monness Crespi & Hardt

Average 12 Month ROI on "Buy" Recommendations: 23.981%
Variance of Price Targets: 70.159% (Lower is Better)
Based on: 50 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Monness Crespi & Hardt:

  • Elastic NV (NYSE: ESTC) is now covered by analysts at Monness Crespi & Hardt. They set a "buy" rating and a $100.00 price target on the stock. (12/17/2018)
  • Red Hat Inc (NYSE: RHT) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $190.00 price target on the stock, up previously from $186.00. (12/10/2018)
  • Childrens Place Inc (NASDAQ: PLCE) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $150.00 price target on the stock, down previously from $165.00. (12/7/2018)
  • Mongodb Inc (NASDAQ: MDB) had its price target raised by analysts at Monness Crespi & Hardt from $90.00 to $110.00. They now have a "buy" rating on the stock. (12/6/2018)
  • Methanex Co. (NASDAQ: MEOH) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $80.00 price target on the stock, down previously from $86.00. (12/3/2018)

#7 - Northcoast Research

Average 12 Month ROI on "Buy" Recommendations: 20.790%
Variance of Price Targets: 75.392% (Lower is Better)
Based on: 26 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Northcoast Research:

  • Proto Labs Inc (NYSE: PRLB) is now covered by analysts at Northcoast Research. They set a "buy" rating and a $145.00 price target on the stock. (12/12/2018)
  • Evoqua Water Technologies Corp (NYSE: AQUA) is now covered by analysts at Northcoast Research. They set a "buy" rating and a $14.00 price target on the stock. (12/7/2018)
  • Owens Corning (NYSE: OC) had its price target raised by analysts at Northcoast Research to $64.00. They now have a "buy" rating on the stock. (11/27/2018)
  • Cooper Tire & Rubber Co (NYSE: CTB) was given a new $38.00 price target on by analysts at Northcoast Research. They now have a "buy" rating on the stock. (11/20/2018)
  • Coherent, Inc. (NASDAQ: COHR) had its "hold" rating re-affirmed by analysts at Northcoast Research. (11/19/2018)

#8 - Acumen Capital

Average 12 Month ROI on "Buy" Recommendations: 20.489%
Variance of Price Targets: 73.357% (Lower is Better)
Based on: 16 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Acumen Capital:

  • Sylogist Ltd (CVE: SYZ) was given a new C$17.00 price target on by analysts at Acumen Capital. They now have a "buy" rating on the stock. (10/31/2018)
  • Boston Pizza Royalties Income Fund (TSE: BPF.UN) had its "buy" rating re-affirmed by analysts at Acumen Capital. They now have a C$19.50 price target on the stock. (10/9/2018)
  • Vertex Resource Group Ltd (CVE: VTX) was given a new C$1.20 price target on by analysts at Acumen Capital. They now have a "buy" rating on the stock. (6/20/2018)
  • Sangoma Technologies Co. (CVE: STC) was given a new C$2.00 price target on by analysts at Acumen Capital. They now have a "buy" rating on the stock. (5/29/2018)
  • Calian Group Ltd (TSE: CGY) had its price target lowered by analysts at Acumen Capital from C$38.00 to C$36.00. (5/10/2018)

#9 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 19.547%
Variance of Price Targets: 77.795% (Lower is Better)
Based on: 133 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • Science Applications International Corp (NYSE: SAIC) was given a new $90.00 price target on by analysts at Drexel Hamilton. They now have a "buy" rating on the stock. (12/7/2018)
  • AeroVironment, Inc. (NASDAQ: AVAV) had its "hold" rating re-affirmed by analysts at Drexel Hamilton. (11/30/2018)
  • Cubic Co. (NYSE: CUB) was given a new $85.00 price target on by analysts at Drexel Hamilton. They now have a "buy" rating on the stock. (11/15/2018)
  • BWX Technologies Inc (NYSE: BWXT) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $55.00 price target on the stock. (11/15/2018)
  • Huntington Ingalls Industries Inc (NYSE: HII) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $265.00 price target on the stock. (11/14/2018)

#10 - Rafferty Capital Markets

Average 12 Month ROI on "Buy" Recommendations: 18.828%
Variance of Price Targets: 85.900% (Lower is Better)
Based on: 12 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Rafferty Capital Markets:

  • PNC Financial Services Group Inc (NYSE: PNC) was upgraded by analysts at Rafferty Capital Markets from a "hold" rating to a "buy" rating. (7/17/2017)
  • Capital One Financial Corp. (NYSE: COF) was downgraded by analysts at Rafferty Capital Markets from a "buy" rating to a "hold" rating. (4/26/2017)
  • Bank of New York Mellon Corp (NYSE: BK) had its "buy" rating re-affirmed by analysts at Rafferty Capital Markets. They now have a $53.00 price target on the stock. (4/25/2017)
  • SunTrust Banks, Inc. (NYSE: STI) had its price target raised by analysts at Rafferty Capital Markets from $63.00 to $64.50. They now have a "buy" rating on the stock. (4/24/2017)
  • Citizens Financial Group Inc (NYSE: CFG) had its "buy" rating re-affirmed by analysts at Rafferty Capital Markets. They now have a $40.00 price target on the stock, up previously from $36.00. (4/24/2017)





More on MarketBeat
10 Great Cheap Stocks to Buy Now for Under $1010 Great Cheap Stocks to Buy Now for Under $10
7 Growth Stocks for Consistent Income in Retirement7 Growth Stocks for Consistent Income in Retirement
10 "Recession Proof" Stocks That Will Thrive During The Next Downturn10 "Recession Proof" Stocks That Will Thrive During The Next Downturn
13 Stocks Institutional Investors Won13 Stocks Institutional Investors Won't Stop Buying
7 Stocks That Profit from Apple’s Profits7 Stocks That Profit from Apple’s Profits
8 Retail Stocks Set to Soar in 20198 Retail Stocks Set to Soar in 2019
8 Stocks to Sell as Fed Continues To Raise Interest Rates 8 Stocks to Sell as Fed Continues To Raise Interest Rates





Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel