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, 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. 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. That number becomes 9.09 percent if we expand the time horizon to include the past 3 months instead of just one. 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 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, while 5 analysts decreased their estimates.

CAFD has an estimated earnings growth rate of 38.19 percent as forecasted by analysts. 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 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. 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. The current market price is above the trailing year's low by 25.2 percent, and below the high by 16.37 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.