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.

CAFD was given price targets by several analysts. The maximum price target given was 17, which equates to a potential upside of 17.97 percent. The most pessimistic analyst gave a price target of 13.5, implying a possible loss of -6.32 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 13.56 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 9.09 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.65 percent. If we look at the last 90 days instead, we find a net average change of -0.65 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 6 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 5 analysts that revised their FY estimates downwards.

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. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. CAFD has a PEG ratio of 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.