CareTrust REIT (CTRE) Stock Forecast & Price Target

$30.84

-0.02 (-0.06%)

(As of 10/1/2024 ET)

CareTrust REIT - 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

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for CareTrust REIT in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for CTRE.

Consensus Price Target

$29.00
-5.97% Downside

According to the 5 analysts' twelve-month price targets for CareTrust REIT, the average price target is $29.00. The highest price target for CTRE is $34.00, while the lowest price target for CTRE is $26.00. The average price target represents a forecasted downside of -5.97% from the current price of $30.84.

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CTRE Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$29.00	$26.67	$25.00	$22.13
Forecasted Upside	-5.97% Downside	-10.75% Downside	-1.65% Downside	10.65% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CTRE 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.

CTRE 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.

CareTrust REIT Stock vs. The Competition

Type	CareTrust REIT	Finance Companies	S&P 500
Consensus Rating Score	2.60	2.46	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-5.97% Downside	15.51% Upside	6.86% Upside
News Sentiment Rating	Positive News See Recent CTRE News	Positive News	Positive 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
10/1/2024	Wells Fargo & Company 3 of 5 stars		Upgrade	Equal Weight ➝ Overweight	$28.00 ➝ $34.00	+10.21%
8/22/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$27.00 ➝ $31.00	+7.49%
7/1/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Boost Target	Hold ➝ Hold	$23.00 ➝ $27.00	+7.57%
5/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Anderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$26.00	+3.13%
5/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$25.00 ➝ $27.00	+9.40%
9/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$23.00	+14.77%
8/16/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$23.50 ➝ $24.00	+20.48%
7/27/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$23.00	+9.26%
11/1/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy	$23.00 ➝ $22.00	+17.77%
10/21/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	$20.00 ➝ $19.00	+9.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:14 AM ET.

CTRE Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for CareTrust REIT is $29.00, with a high forecast of $34.00 and a low forecast of $26.00.
: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CTRE shares.
: According to analysts, CareTrust REIT's stock has a predicted downside of -5.97% based on their 12-month stock forecasts.
: Over the previous 90 days, CareTrust REIT's stock had 1 upgrade by analysts.
: CareTrust REIT has been rated by research analysts at Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like CareTrust REIT more than other "finance" companies. The consensus rating for CareTrust REIT is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how CTRE compares to other companies.

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This page (NASDAQ:CTRE) was last updated on 10/2/2024 by MarketBeat.com Staff

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