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06:03PM (15 mins delay)
Oct 12, 2009 - 4:08 PM EDT
Hickey and Walters (Bespoke) submit:
Bloomberg quantifies the consensus analyst rating for a stock on a scale of 1 (worst) to 5 (best). Stocks with a 5 rating have 100% buy ratings. We recently calculated the historical consensus ratings for all S&P 500 stocks and found the average daily consensus rating for the entire index going back a year. As shown below, the consensus analyst rating for all S&P 500 stocks drifted lower with the overall market during the bear, but it bottomed about a month after the market bottomed back in March. Interestingly, it picked up along with the market throughout the spring and early summer, but when the market stumbled in July, analysts got really bearish and then stayed bearish even as the market turned around and went higher. Finally in mid-August, analysts began to believe in the rally again, and since then they've been upping their stock ratings. Currently the consensus analyst rating for stocks in the S&P 500 is 3.74 (out of 5).
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Source: Seeking Alpha (Oct 12, 2009 - 4:08 PM EDT)
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