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.
Several price targets were given for ACET by the analysts covering the stock. The most optimistic price target was 29, implying a possible profit of 87.82 percent. The most pessimistic analyst gave a price target of 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -3.19 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.72 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
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, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.
The growth rate of ACET's earnings is estimated by analysts to be 268.32 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ACET is 0.11.
ACET has a 52-week high of 25.98 and a 52-week low of 13.50. Currently the stock is 14.37 percent higher than its low, and 40.57 percent lower than its 52-week 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.