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Where Are Analysts Most Optimistic on Ratings for S&P 500 Companies Heading Into 2024?

Written by John Butters | Dec 15, 2023

With the end of the year approaching, where are analysts most optimistic and pessimistic in terms of their ratings on stocks in the S&P 500?

Overall, there are 11,319 ratings on stocks in the S&P 500. Of these ratings, 54.9% are Buy ratings, 39.7% are Hold ratings, and 5.3% are Sell ratings. The percentage of Buy ratings is above the 5-year (month-end) average of 54.4%. The percentage of Hold rating is also above the 5-year (month-end) average of 39.5%. On the other hand, the percentage of Sell ratings is below the 5-year (month-end) average of 6.1%.

At the sector level, analysts are most optimistic on the Energy (64%) and Communication Services (62%) sectors, as these two sectors have the highest percentages of Buy ratings. On the other hand, analysts are most pessimistic on the Consumer Staples (47%) and Industrials (49%) sectors, as these two sectors have the lowest percentages of Buy ratings. The Consumer Staples sector also has the highest percentage of Hold ratings at 46%, while the Consumer Staples and Industrials sectors are tied for the highest percentage of Sell ratings at 7%.

The ten S&P 500 companies with the highest percentages of Buy ratings and Sell ratings can be found below.

Since hitting a bottom of 53.2% during the month of February, the overall percentage of Buy ratings for S&P 500 companies has increased to 54.9% today.

The FactSet Earnings Insight report will not be published on December 22 and December 29. The next edition of the report will be published on January 5.

 

This blog post is for informational purposes only. The information contained in this blog post is not legal, tax, or investment advice. FactSet does not endorse or recommend any investments and assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained in this article.