Analyst Ratings for CEVA Inc. (CEVA)Updated: 2017-07-28
Shares of CEVA Inc. (NASDAQ:CEVA) have received a consensus rating of Buy from Wall Street analysts. A consensus rating of Buy was previously issued for CEVA last month.
6 analysts declared CEVA a buy, 0 issued an overweight rating, 1 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
CEVA was given price targets by several analysts. The most optimistic price target was 50, which equates to a potential upside of 8.23 percent. The lowest price target was 42, implying potential capital losses of -9.09 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 0 percent. That number becomes 25.48 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.67 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
CEVA has an estimated earnings growth rate of 7.27 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of CEVA is 8.95.
In the trailing 52-weeks, CEVA hit 48.67 at the highest peak, while it's lowest trading point was 28.15. The current market price is above the trailing year's low by 64.12 percent, and 5.07 percent below the high. CEVA has a P/E ratio of 65.07. Investors typically compare the P/E ratio to a company's peers in the industry. The CEVA value stock report compares CEVA to some of its peers using value stock charts. The market cap of CEVA is $0.99027 billion. CEVA's next earnings release will be on 0000-00-00, which is days away.