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 analyst gave a price target of 17, implying potential capital gains of 17.97 percent. The most pessimistic price target was 13.5, which equates to a potential downside 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. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 6 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. CAFD has a PEG ratio of 0.55.
In the last 52-weeks, CAFD has achieved a high of 17.23 and a low of 11.51. Today's price is 25.2 percent above the 52-week low, 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 stock has a market capitalization of $0.40072 billion. CAFD will post this quarters earnings in days, on 0000-00-00.