Castings (CGS) Stock Forecast & Price Target

GBX 303

+9.00 (+3.06%)

(As of 09/6/2024 ET)

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Castings - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for Castings in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for CGS.

Consensus Price Target

GBX 390

High Forecast	GBX 390
Average Forecast	GBX 390
Low Forecast	GBX 390

According to the 1 analysts' twelve-month price targets for Castings, the average price target is GBX 390. The highest price target for CGS is GBX 390, while the lowest price target for CGS is GBX 390. The average price target represents a forecasted upside of 28.71% from the current price of GBX 303.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 390	GBX 450	GBX 550	GBX 550

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CGS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CGS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Castings Stock vs. The Competition

Type	Castings	Industrials Companies
Consensus Rating Score	3.00	2.60
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Negative News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
8/20/2024	Canaccord Genuity Group 4 of 5 stars		Lower Target	Buy	GBX 460 ➝ GBX 390	+26.54%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:59 PM ET.

CGS Forecast - Frequently Asked Questions

What is Castings' forecast for 2024?: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Castings is GBX 390, with a high forecast of GBX 390 and a low forecast of GBX 390.
Should I buy or sell Castings stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Castings in the last year. There is currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CGS shares.
Does Castings's stock price have much upside?: According to analysts, Castings's stock has a predicted upside of 26.54% based on their 12-month stock forecasts.
What analysts cover Castings?: Castings has been rated by research analysts at Canaccord Genuity Group in the past 90 days.
Do Wall Street analysts like Castings more than its competitors?: Analysts like Castings more than other "industrials" companies. The consensus rating for Castings is Buy while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how CGS compares to other companies.