Buckingham
Upgrade grade
C
Downgrade grade
D
Buckingham Research Group was founded in 2006 by a team of seasoned analysts who broke away from larger institutions to create an independent equity research boutique focused on delivering contrarian insights and rigorous fundamental analysis. The firm has established itself as a respected mid-sized research operation, with approximately 668 analyst ratings calls covering US equities in our database, demonstrating consistent coverage depth across market cycles. Buckingham has developed particular expertise in consumer discretionary, technology, and healthcare sectors, earning recognition for detailed company-level analysis that often challenges consensus narratives and provides institutional investors with differentiated viewpoints. What distinguishes Buckingham's research culture is their commitment to detailed, long-form equity research reports that dig into operational metrics and industry dynamics rather than chasing short-term market movements, making them valued by fundamental investors seeking substantive due diligence rather than headline-driven commentary.
Upgrades
48
77.08% win rate
· avg +2.28% D1
Downgrades
54
66.67% win rate
· avg -1.05% D1
Avg Gap — Upgrades
+2.54%
open vs prev close
Avg Gap — Downgrades
-0.80%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Consumer Cyclical | 76.47% (17) | +4.12% | 60.00% (25) | +2.60% |
| Industrials | 80.00% (15) | +1.66% | 78.57% (14) | -7.43% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2019 | — | — | 72.2% | 18 |
| 2018 | 78.3% | 23 | 64.3% | 14 |
| 2017 | 90.0% | 10 | 52.9% | 17 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Nov 25, 2020 | HOV | Hovnanian Enterprises, Inc. | Consumer Cyclical | Maintains | Neutral → Neutral | — | -0.2% | +4.2% |
| Nov 25, 2020 | FOXA | Fox Corporation | Communication Services | Maintains | Buy → Buy | — | -0.1% | -0.6% |
| Feb 28, 2020 | SERV | Serve Robotics Inc. | Industrials | Maintains | Neutral → Neutral | — | — | — |
| Feb 26, 2020 | MSM | MSC Industrial Direct Co., Inc. | Industrials | Maintains | Neutral → Neutral | — | +0.8% | -0.8% |
| Feb 24, 2020 | LAD | Lithia Motors, Inc. | Consumer Cyclical | Upgrade | Neutral → Buy | — | -1.2% | -1.0% |
| Feb 20, 2020 | QUAD | Quad/Graphics, Inc. | Industrials | Maintains | Neutral → Neutral | — | +2.0% | +3.3% |
| Feb 20, 2020 | TSN | Tyson Foods, Inc. | Consumer Defensive | Maintains | Neutral → Neutral | — | +0.0% | +1.2% |
| Feb 18, 2020 | SPXC | SPX Technologies, Inc. | Industrials | Maintains | Buy → Buy | — | +0.3% | -0.5% |
| Feb 14, 2020 | RUSHB | Rush Enterprises, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -19.0% | +0.7% |
| Feb 14, 2020 | RUSHA | Rush Enterprises, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -0.2% | +3.5% |
| Feb 14, 2020 | WSO | Watsco, Inc. | Industrials | Maintains | Neutral → Neutral | — | -0.0% | -1.1% |
| Feb 14, 2020 | WSO-B | — | — | Maintains | Neutral → Neutral | — | +0.0% | +0.0% |
| Feb 13, 2020 | CPA | Copa Holdings, S.A. | Industrials | Maintains | Buy → Buy | — | +3.8% | +1.9% |
| Feb 12, 2020 | DLX | Deluxe Corporation | Communication Services | Maintains | Neutral → Neutral | — | +0.4% | -0.9% |
| Feb 11, 2020 | MDLZ | Mondelez International, Inc. | Consumer Defensive | Maintains | Buy → Buy | — | +0.1% | -0.2% |
| Feb 7, 2020 | PJT | PJT Partners Inc. | Financial Services | Maintains | Neutral → Neutral | — | +0.7% | +0.2% |
| Feb 7, 2020 | GWW | W.W. Grainger, Inc. | Industrials | Maintains | Neutral → Neutral | — | -1.1% | -3.3% |
| Feb 7, 2020 | LMT | Lockheed Martin Corporation | Industrials | Maintains | Buy → Buy | — | -0.2% | +0.0% |
| Feb 6, 2020 | MC | Moelis & Company | Financial Services | Maintains | Buy → Buy | — | +2.6% | +4.8% |
| Feb 6, 2020 | PFGC | Performance Food Group Company | Consumer Defensive | Maintains | Buy → Buy | — | +0.8% | -0.7% |
| Feb 5, 2020 | BA | The Boeing Company | Industrials | Maintains | Neutral → Neutral | — | +0.8% | +3.7% |
| Feb 4, 2020 | ROL | Rollins, Inc. | Consumer Cyclical | Maintains | Neutral → Neutral | — | +1.1% | +1.3% |
| Feb 3, 2020 | ADNT | Adient plc | Consumer Cyclical | Upgrade | Underperform → Neutral | — | +0.6% | +1.9% |
| Feb 3, 2020 | PIPR | Piper Sandler Companies | Financial Services | Maintains | Neutral → Neutral | — | +1.0% | +2.9% |
| Feb 3, 2020 | WCC | WESCO International, Inc. | Industrials | Maintains | Neutral → Neutral | — | +0.2% | +0.2% |