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.
ACET was given price targets by several analysts. The maximum price target given was 29, which equates to a potential upside of 87.82 percent. The most pessimistic price target was 12, implying potential capital losses of -22.28 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -3.19 percent. The average change in earnings estimates over the last 90 days is 0 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.72 percent. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ACET to grow at a rate of 268.32 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. ACET has a PEG ratio of 0.11.
In the last 52-weeks, ACET has achieved a high of 25.98 and a low of 13.50. Today's price is 14.37 percent above the 52-week low, and 40.57 percent below the high. ACET has a price/earnings 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 stock has a market capitalization of $0.46265 billion. ACET is estimated to release their earnings results for the quarter on 0000-00-00, days from today.