Top Ten Brokerages You Can Trust in 2019

Posted on Saturday, February 23rd, 2019 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 - Acumen Capital

Average 12 Month ROI on "Buy" Recommendations: 21.230%
Variance of Price Targets: 76.782% (Lower is Better)
Based on: 18 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Acumen Capital:

  • Crown Capital Partners Inc (TSE: CRWN) had its "buy" rating re-affirmed by analysts at Acumen Capital. They now have a C$11.80 price target on the stock. (2/19/2019)
  • Hamilton Thorne Ltd (CVE: HTL) was given a new C$1.30 price target on by analysts at Acumen Capital. They now have a "buy" rating on the stock. (2/12/2019)
  • RediShred Capital Corp. (CVE: KUT) had its price target raised by analysts at Acumen Capital from C$1.10 to C$1.20. (2/4/2019)
  • 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)

#2 - CL King

Average 12 Month ROI on "Buy" Recommendations: 20.482%
Variance of Price Targets: 78.355% (Lower is Better)
Based on: 18 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from CL King:

  • Dr.Reddy's Laboratories Ltd (NYSE: RDY) was upgraded by analysts at CL King from a "neutral" rating to a "buy" rating. (2/4/2019)
  • Dorman Products Inc. (NASDAQ: DORM) was downgraded by analysts at CL King from a "buy" rating to a "neutral" rating. (1/14/2019)
  • ABM Industries, Inc. (NYSE: ABM) was downgraded by analysts at CL King from a "buy" rating to a "neutral" rating. (1/11/2019)
  • Oxford Industries Inc (NYSE: OXM) is now covered by analysts at CL King. They set a "buy" rating and a $80.00 price target on the stock. (12/28/2018)
  • Gentherm Inc (NASDAQ: THRM) is now covered by analysts at CL King. They set a "neutral" rating on the stock. (12/20/2018)

#3 - JPMorgan Chase & Co.

Average 12 Month ROI on "Buy" Recommendations: 114.119%
Variance of Price Targets: 71.464% (Lower is Better)
Based on: 1101 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from JPMorgan Chase & Co.:

  • Anglo American plc (LON: AAL) had its price target raised by analysts at JPMorgan Chase & Co. from GBX 2,270 to GBX 2,290. They now have an "overweight" rating on the stock. (2/22/2019)
  • Go-Ahead Group plc (LON: GOG) had its price target raised by analysts at JPMorgan Chase & Co. from GBX 1,466 to GBX 1,519. They now have an "underweight" rating on the stock. (2/22/2019)
  • KAZ Minerals PLC (LON: KAZ) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 550 to GBX 530. They now have a "neutral" rating on the stock. (2/22/2019)
  • BAE Systems plc (LON: BA) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 545 to GBX 530. They now have a "neutral" rating on the stock. (2/22/2019)
  • Barclays PLC (LON: BARC) had its "overweight" rating re-affirmed by analysts at JPMorgan Chase & Co.. (2/22/2019)

#4 - Howard Weil

Average 12 Month ROI on "Buy" Recommendations: 40.263%
Variance of Price Targets: 69.805% (Lower is Better)
Based on: 11 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Howard Weil:

  • Stantec Inc. (NYSE: STN) was upgraded by analysts at Howard Weil from a "sector perform" rating to a "sector outperform" rating. (10/19/2018)
  • SSR Mining Inc (NASDAQ: SSRM) was upgraded by analysts at Howard Weil from a "sector perform" rating to a "sector outperform" rating. (10/12/2018)
  • Cameco Corp (NYSE: CCJ) was upgraded by analysts at Howard Weil from a "sector underperform" rating to a "sector perform" rating. (9/28/2018)
  • SM Energy Co (NYSE: SM) was upgraded by analysts at Howard Weil from a "sector perform" rating to a "sector outperform" rating. (9/27/2018)
  • Royal Bank of Canada (NYSE: RY) was upgraded by analysts at Howard Weil from a "sector perform" rating to a "sector outperform" rating. (9/10/2018)

#5 - Rosenblatt Securities

Average 12 Month ROI on "Buy" Recommendations: 19.788%
Variance of Price Targets: 70.458% (Lower is Better)
Based on: 109 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Rosenblatt Securities:

  • Trade Desk Inc (NASDAQ: TTD) had its "hold" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $142.00 price target on the stock. (2/22/2019)
  • Commscope Holding Company Inc (NASDAQ: COMM) had its "hold" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $24.00 price target on the stock. (2/22/2019)
  • Wix.Com Ltd (NASDAQ: WIX) was downgraded by analysts at Rosenblatt Securities from a "neutral" rating to a "sell" rating. They now have a $73.00 price target on the stock, down previously from $75.00. (2/20/2019)
  • NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Rosenblatt Securities to $190.00. They now have a "buy" rating on the stock. (2/15/2019)
  • Shopify Inc (NYSE: SHOP) had its price target raised by analysts at Rosenblatt Securities from $190.00 to $212.00. They now have a "buy" rating on the stock. (2/14/2019)

#6 - Monness Crespi & Hardt

Average 12 Month ROI on "Buy" Recommendations: 19.378%
Variance of Price Targets: 72.144% (Lower is Better)
Based on: 54 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Monness Crespi & Hardt:

  • Sailpoint Technologies Holdings Inc (NYSE: SAIL) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $37.00 price target on the stock, up previously from $30.00. (2/20/2019)
  • Twilio Inc (NYSE: TWLO) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $150.00 price target on the stock, up previously from $117.00. (2/13/2019)
  • Mimecast Ltd (NASDAQ: MIME) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $52.00 price target on the stock, up previously from $45.00. (2/12/2019)
  • Hasbro, Inc. (NASDAQ: HAS) was upgraded by analysts at Monness Crespi & Hardt from a "neutral" rating to a "buy" rating. They now have a $109.00 price target on the stock. (2/11/2019)
  • Rapid7 Inc (NASDAQ: RPD) had its "buy" rating re-affirmed by analysts at Monness Crespi & Hardt. They now have a $49.00 price target on the stock, up previously from $41.00. (2/8/2019)

#7 - MKM Partners

Average 12 Month ROI on "Buy" Recommendations: 18.765%
Variance of Price Targets: 70.764% (Lower is Better)
Based on: 230 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from MKM Partners:

  • SM Energy Co (NYSE: SM) had its price target lowered by analysts at MKM Partners to $22.00. They now have a "buy" rating on the stock. (2/22/2019)
  • Concho Resources Inc (NYSE: CXO) had its price target lowered by analysts at MKM Partners from $161.00 to $150.00. They now have a "buy" rating on the stock. (2/21/2019)
  • Lamar Advertising Co (NASDAQ: LAMR) had its price target raised by analysts at MKM Partners to $81.00. They now have a "neutral" rating on the stock. (2/21/2019)
  • Granite Construction Inc. (NYSE: GVA) had its price target raised by analysts at MKM Partners from $60.00 to $61.00. They now have a "buy" rating on the stock. (2/21/2019)
  • Devon Energy Corp (NYSE: DVN) had its price target raised by analysts at MKM Partners from $33.00 to $35.00. They now have a "buy" rating on the stock. (2/21/2019)

#8 - Rafferty Capital Markets

Average 12 Month ROI on "Buy" Recommendations: 17.686%
Variance of Price Targets: 90.451% (Lower is Better)
Based on: 11 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)

#9 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 17.661%
Variance of Price Targets: 75.185% (Lower is Better)
Based on: 117 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • Leidos Holdings Inc (NYSE: LDOS) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $75.00 price target on the stock. (2/22/2019)
  • Northrop Grumman Co. (NYSE: NOC) was given a new $335.00 price target on by analysts at Drexel Hamilton. They now have a "buy" rating on the stock. (2/9/2019)
  • Cubic Co. (NYSE: CUB) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $85.00 price target on the stock. (2/7/2019)
  • General Dynamics Co. (NYSE: GD) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $230.00 price target on the stock. (2/4/2019)
  • Mercury Systems Inc (NASDAQ: MRCY) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $67.00 price target on the stock. (1/30/2019)

#10 - Wells Fargo & Co

Average 12 Month ROI on "Buy" Recommendations: 13.301%
Variance of Price Targets: 73.572% (Lower is Better)
Based on: 955 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Wells Fargo & Co:

  • Domino's Pizza, Inc. (NYSE: DPZ) had its "market perform" rating re-affirmed by analysts at Wells Fargo & Co. They now have a $250.00 price target on the stock, down previously from $263.00. (2/22/2019)
  • Wayfair Inc (NYSE: W) had its "hold" rating re-affirmed by analysts at Wells Fargo & Co. They now have a $145.00 price target on the stock. (2/22/2019)
  • Magna International Inc. (NYSE: MGA) had its "buy" rating re-affirmed by analysts at Wells Fargo & Co. (2/22/2019)
  • Chesapeake Lodging Trust (NYSE: CHSP) had its "hold" rating re-affirmed by analysts at Wells Fargo & Co. (2/22/2019)
  • Clorox Co (NYSE: CLX) had its "hold" rating re-affirmed by analysts at Wells Fargo & Co. They now have a $157.00 price target on the stock. (2/21/2019)





More on MarketBeat
8 Stocks That Are on Sale Right Now8 Stocks That Are on Sale Right Now
8 Retail Stocks Set to Soar in 20198 Retail Stocks Set to Soar in 2019
10 Slow and Steady Stocks to Own in Any Market10 Slow and Steady Stocks to Own in Any Market
The 10 Best Penny Stocks to Buy NowThe 10 Best Penny Stocks to Buy Now
8 Small-Cap Stocks Ripe for Solid Growth in 20198 Small-Cap Stocks Ripe for Solid Growth in 2019
8 Growth Stocks to Sell Now8 Growth Stocks to Sell Now
7 Marijuana Stocks That Can’t Be Ignored in 20197 Marijuana Stocks That Can’t Be Ignored in 2019





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