20 S&P 500 Stocks Wall Street Analysts Expect to Drop the Most

There are about 6,000 companies trading on the U.S. markets, and investors have many ways to determine which company is worth their money and which should be left until it reaches better days. Analysts from Wall Street have forecasted the average target price for companies in the S&P 500 index, which is the benchmark of U.S. equities.

Since the predictions of analysts can be influenced by many conflicts of interest and tend to be optimistic, it is better to look through their negative projections. We can easily assume that analysts do not have to gain anything in terms of business while issuing a negative projection. That is why Insider Monkey pays more attention to this type of estimates. We gathered 20 stocks that are expected to lose the most in price, according to analysts.

Cardinal Health, Inc.

The estimations are based on data from Bloomberg from March 15th. They are made for the next 12 months, based on recommendations from the last 12 months with five being the highest recommendations. We will walk you through the whole list of the 20 stocks. The companies are listed according to the percentage change in their prices.

Highlights from the list include Cardinal Health, Inc. (NYSE:CAH), Jabil Circuit, Inc. (NYSE:JBL), and Carnival Corporation (NYSE:CCL).

The leader of the list is Cardinal Health, Inc. (NYSE:CAH). The company has recently signed an agreement to buy AssuraMed, which will allow it to produce supplies for home treatments.

Jabil Circuit, Inc. (NYSE:JBL) also made the list for the third quarter of the year. Jabil forecasts just $0.50 to $0.58 in EPS against an existing $0.61 EPS estimate.

In the list also includes Carnival Corporation (NYSE:CCL), which has a disappointed outlook for 2013, expecting to earn about $1.80 to $2.10 in terms of EPS.

Without further ado, let’s get started.