Analyst Ratings for Celgene Corp. (CELG)Updated: 2017-07-28
Analysts covering Celgene Corp. (NASDAQ:CELG) have given it a consensus rating of Overweight. A consensus rating of Buy was previously issued for CELG last month.
20 analysts declared CELG a buy, 1 issued an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 5. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for CELG by the analysts covering the stock. The maximum price target given was 162, implying potential capital gains of 20.76 percent. The lowest price target was 98, implying potential capital losses of -26.95 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 0.88 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.07 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.57 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
CELG has an estimated earnings growth rate of 100.82 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CELG is 0.41.
CELG has traded between a high of 139.00 and a low of 96.93 over the past year. Today's price is 38.4 percent above the 52-week low, and 3.49 percent lower than its 52-week high. CELG has a price/earnings ratio of 41.79. Investors typically compare the P/E ratio to a company's peers in the industry. The CELG value stock report compares CELG to some of its peers using value stock charts. The market cap of CELG is $107.56 billion. CELG's next earnings release will be on 0000-00-00, which is days away.