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.

A number of analysts gave price targets for CAFD. The most optimistic price target was 17, which equates to a potential upside of 17.97 percent. The minimum price target given was 13.5, implying potential capital losses of -6.32 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 13.56 percent on average, compared to last month. That number becomes 9.09 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 1.65 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 5 analysts made negative revisions to their fiscal year's estimates.

The growth rate of CAFD's earnings is estimated by analysts to be 38.19 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CAFD is 0.55.

In the trailing 52-weeks, CAFD hit 17.23 at the highest peak, while it's lowest trading point was 11.51. Today's price is 25.2 percent above the 52-week low, and 16.37 percent lower than its 52-week 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 will post this quarters earnings in days, on 0000-00-00.