Analyst Ratings for 8Point3 Energy Partners LP (CAFD)

Updated: 2017-07-27

8Point3 Energy Partners LP (NASDAQ:CAFD) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, CAFD was issued an average rating of Overweight.

A buy rating was issued by 3 analysts, 1 issued an overweight rating, 11 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 3 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an decrease of 2 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for CAFD. The most optimistic analyst gave a price target of 17, implying a possible profit of 17.97 percent. The minimum price target given was 13.5, implying a possible loss of -6.32 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 13.56 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 9.09 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.65 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.65 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 6 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 5 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of CAFD to grow at a rate of 38.19 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. CAFD has a PEG ratio of 0.55.

CAFD has traded between a high of 17.23 and a low of 11.51 over the past year. The current market price is above the trailing year's low by 25.2 percent, and 16.37 percent below the high. CAFD has a price/earnings ratio of 20.88. Investors typically compare the P/E ratio to a company's peers in the industry. The CAFD value stock report compares CAFD to some of its peers using value stock charts. The market cap of CAFD is $0.40072 billion. CAFD is estimated to release their earnings results for the quarter on 0000-00-00, days from today.