Analyst Ratings for Align Technology Inc. (ALGN)Updated: 2017-07-26
Align Technology Inc. (NASDAQ:ALGN) was awarded an average rating of Buy from investment analysts following the stock. Last month, ALGN received an average rating of Buy.
Of the 14 analysts covering the stock, 11 gave it a buy rating, 2 issued an overweight rating, 1 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 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.
ALGN was given price targets by several analysts. The most optimistic analyst gave a price target of 200, which equates to a potential upside of 26.18 percent. The minimum price target given was 138, implying potential capital losses of -12.94 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 2.1 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.15 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 9.2 percent in FY estimates.
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 2 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
ALGN has an estimated earnings growth rate of 21.48 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. ALGN has a PEG ratio of 2.74.
In the last 52-weeks, ALGN has achieved a high of 161.81 and a low of 83.27. The current market price is above the trailing year's low by 90.36 percent, and 2.04 percent lower than its 52-week high. ALGN has a price/earnings ratio of 58.88. Investors typically compare the P/E ratio to a company's peers in the industry. The ALGN value stock report compares ALGN to some of its peers using value stock charts. The market cap of ALGN is $12.74 billion. ALGN will post this quarters earnings in days, on 0000-00-00.