How do I capture price target upgrades/downgrades that occurred in the last week/days?
Thanks
Tony
Anyone?
PriceTargetMean / PriceTarget4WkAgo
It works pretty well for me as a change-in-sentiment indicator.
You could also try PriceTargetMean / FHist(“PriceTargetMean”,1) if you want something less backward-looking. But you’d probably want to bookend that with Eval (SplitCount (7) = 0, . . . , NA) since FHist doesn’t adjust for splits.
Will this catch a recent downgrade? Say, in the last 5 bars?
Yes, both should catch a recent downgrade. PriceTargetMean is updated nightly.
So in this example, BCC was given a downgrade last week by BoA.
What here tells me a downgrade occurred last week, as opposed to two weeks ago, or three weeks ago? Both of these factors appear to be longer ranged.
There is not much documentation on either of these factors so forgive me for the ignorant questions.
Dig, Tony, dig! Run ShowVar with PriceTargetMean, FHist(“PriceTargetMean”,1), FHist(“PriceTargetMean”,2), and so on. It’s possible that different analysts raised and lowered their price target at different times. Try PriceTargetHi and PriceTargetLo, #AnalystsPriceTarget . . . At any rate, what the 1.06 is showing me is that either BofA’s downgrade was offset by another analyst’s upgrade or it was somehow missed by FactSet . . .