Ratings & Recommendation Structure
Rating
System
Clarus employs the following recommendation system.
| Buy |
Attractively valued and expected to appreciate significantly from the current
price over the next 12-18 months. |
| Speculative Buy |
The same criteria as for Buy, but the company may have higher than usual
financial and/or operational risk in the analyst's view. |
| Accumulate |
Attractively valued and expected to appreciate moderately from the current price over the next 12-18 months. |
| Hold |
The potential return is generally in-line with expected market performance for
its peers or the broad market. |
| Sell |
The shares are overvalued and are expected to underperform peers and/or
markets considerably over the next 12-18 months. |
| Under Review |
Pending additional review or data. Temporarily, no rating is assigned. |
Recommendation
Distribution
Our recommendation distribution is heavily biased towards buys because we have been building our research coverage on an opportunistic basis.
| Buy | 166 | 33% |
| Speculative Buy | 153 | 30% |
| Accumulate | 36 | 7% |
| Hold | 41 | 8% |
| Sell | 21 | 4% |
| Under Review | 83 | 17% |
| Tender | 2 | 0% |
