Analyst Ratings for Aceto Corp. (ACET)Updated: 2017-07-28
An average rating of Overweight has been given to Aceto Corp. (NASDAQ:ACET) by analysts covering the stock. A consensus rating of Hold was previously issued for ACET last month.
3 analysts issued ratings on the stock, where 1 gave ACET a buy rating, 0 issued an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for ACET. The most optimistic analyst gave a price target of 29, implying potential capital gains of 87.82 percent. The lowest price target was 12, implying a possible loss of -22.28 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -3.19 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.72 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
ACET has an estimated earnings growth rate of 268.32 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ACET is 0.11.
In the last 52-weeks, ACET has achieved a high of 25.98 and a low of 13.50. The current market price is above the trailing year's low by 14.37 percent, and 40.57 percent below the high. ACET has a P/E ratio of 29.65. Investors typically compare the P/E ratio to a company's peers in the industry. The ACET value stock report compares ACET to some of its peers using value stock charts. The market cap of ACET is $0.46265 billion. ACET's next earnings release will be on 0000-00-00, which is days away.