5 Stocks With Near Unanimous Buy Ratings: Are They Worth Buying?
In the world of investing, the market's consensus on a particular stock can be a valuable signal, but it's crucial to remember that it's just one piece of the puzzle. Market sentiment can be a powerful force, but it's not infallible.
However, when the market overwhelmingly leans towards either buying or selling a stock, it's worth taking a closer look to understand what's driving this consensus.
Today, we will delve deep into 5 stocks that enjoy nearly unanimous support from the market, with more than 90% buy ratings and not a single sell rating.
While there are many other factors one should analyze before deciding to buy a stock, it certainly piques our curiosity and prompts us to explore the reasons behind such resounding support.
Lamb Weston (NYSE:LW) is a major player in the frozen French fries industry, with its headquarters nestled in Eagle, Idaho. The company's roots trace back to its founding by Gilbert Lamb in 1950, with its early operations based in a former cooperative plant located in Weston, Oregon.
Currently, Lamb Weston boasts a dividend yield of +1.20%. Notably, the company delivered impressive results on July 25, surpassing market expectations with actual revenues up by +2.3% and an astounding +16.5% increase in earnings per share (EPS).
The upcoming results scheduled for October 4 are also anticipated to be stellar, featuring a projected surge in real revenues by +27.76% and a remarkable +34.10% growth in EPS. Looking ahead to FY2024, the company's earnings are expected to maintain an upward trajectory, with an estimated increase of +12%.
With a unanimous consensus from all eight ratings pegged at a resounding 100% buy, the market perceives Lamb Weston's potential range to be between $113 and $119. This
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