Zacks.com highlights: WillScot, Primerica, Bovie Medical, Shenandoah Telecommunications and Herbalife Nutrition

For Immediate Release

Chicago, IL – October 15, 2018 - Stocks in this week’s article include: WillScot Corp. WSC, Primerica, Inc. PRI, Bovie Medical Corp. BVX, Shenandoah Telecommunications Co. SHEN and Herbalife Nutrition Ltd. HLF.

Screen of the Week of Zacks Investment Research:

Snap Up These 5 Stocks on New Analyst Coverage

The importance of new analyst coverage is evident from the extensive data it unearths for investors.

Do analysts create value for companies by initiating coverage? Coverage initiation on a stock by analyst(s) is actually a sign of increased investor keenness.

Investors on their part often assume there is something special in a stock to attract analysts’ attention. In other words, they believe that the company coming under the microscope definitely has some value.

Why do analysts initiate coverage? Of course, stocks are not randomly picked to cover. New coverage on a stock is usually the result of a promising future envisioned by the analyst(s). At times, increased investors’ focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t love to back something that is already in demand?

Impact of Analyst Coverage on Stock Price

The price movement of a stock is generally a function of the recommendations on it from new analysts. Stocks typically see an upward price movement with new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations – Buy and Strong Buy – generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.

Now, if an analyst issues a new recommendation on a company that has very few or no existing coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock.

However, one should also look for the average change in broker recommendation rather than a single recommendation change.

So, it’s a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.

And that's what we're screening for today…

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/327713/snap-up-these-5-stocks-on-new-analyst-coverage

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

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WillScot Corporation (WSC) : Free Stock Analysis Report
 
Primerica, Inc. (PRI) : Free Stock Analysis Report
 
Shenandoah Telecommunications Co (SHEN) : Free Stock Analysis Report
 
Bovie Medical Corporation (BVX) : Free Stock Analysis Report
 
Herbalife LTD. (HLF) : Free Stock Analysis Report
 
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