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.

Investment analysts gave a few price targets for CELG. The highest price target was 162, which equates to a potential upside of 20.76 percent. The minimum price target given was 98, which equates to a potential downside of -26.95 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.88 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.07 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.57 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 3 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of CELG to grow at a rate of 100.82 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. CELG has a PEG ratio of 0.41.

In the last 52-weeks, CELG has achieved a high of 139.00 and a low of 96.93. Today's price is 38.4 percent above the 52-week low, and 3.49 percent below the 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 will post this quarters earnings in days, on 0000-00-00.