TipRanks Identifies the Top 10 Analysts of 2016

TipRanks, the world’s leading analyst ranking service, has identified the top 10 Wall Street analysts of 2016.

The ranking was based on the analysts’ ability to generate return with their stock ratings and price targets. Each rating made during 2016 was measured over a time-frame of 3 months. 

TipRanks discovered that two key market sectors dominated the top 10 list: basic materials and financial. Half of the top 10 analysts of last year specialized in basic materials, with financial analysts in 3 of the top 10 places. Just one analyst from the tech sector (David Hynes) and one from the healthcare sector (Michael Matson) made it onto the list while analysts from several sectors did not feature at all.

Canaccord Genuity, a Canadian-based investment bank and financial services company, is the only bank to be represented by more than one analyst with Sam Burwell, Stephen Berman and David Hynes in 1st, 4th and 9th place respectively.

CEO of TipRanks, Uri Gruenbaum, commented, “While we are not an analyst endorsement platform, we are always excited to see those that generate excess returns and feel obligated to highlight them. Clearly, 2016 was the year of the smaller research firms as most of the top performing analysts came from private research firms.”

The top 10 analysts of 2016 are:

  1. Sam Burwell of Canaccord Genuity, basic materials: the number 1 analyst of 2016, Burwell had a 93% success rate and a 20.3% average return per recommendation. 
  2. Josh Silverstein of Deutsche Bank, basic materials:  82% success rate and 17.8% average return. 
  3. Mark Palmer of BTIG, financial: 78% success rate and 14.2% average return.
  4. Stephen Berman of Canaccord Genuity, basic materials: 67% success rate and 17.3% average return. 
  5. Casey Haire of Jefferies, financial: 97% success rate and 16.4% average return. 
  6. Christopher Nolan of FBR Capital, financial: 87% success rate and 11.5% average return. 
  7. Sonny Randhawa of D.A. Davidson, basic materials: 67% success rate and 32% average return.
  8. Joseph Reagor of Roth Capital, basic materials: 67% success rate and 28.5% average return. 
  9. David Hynes of Canaccord Genuity, tech:  77% success rate and 15% average return. 
  10. Michael Matson of Needham, healthcare: 74% success rate and 10.4% average return. 

For more information on these top 10 analysts, visit TipRanks.

About TipRanks:

Founded in 2012 by Uri Gruenbaum and Gilad Gat, TipRanks raised capital from a line of VC’s and industry leaders including former New York Governor Eliot Spitzer and Cornell Finance Professor Roni Michaeli. TipRanks provides a data-driven measure of accuracy for published financial advice. The purpose: bringing accountability into the markets. Over 40,000 financial experts are tracked by TipRanks' NLP algorithms including Wall Street analysts, financial bloggers, corporate insiders and hedge fund managers. TipRanks was awarded First Place for Outstanding Achievement at the IBM Watson awards in 2015 and was named one of the world’s 50 Fintech “Emerging Stars” by KPMG and H2 Ventures.

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Source: TipRanks

Categories: Investments, Stocks, Financial News

Tags: analysts, canaccord genuity, financial accountability, tipranks