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.

Many analysts weighed in on price targets for CEVA. The most optimistic price target was 50, which equates to a potential upside of 8.23 percent. The most pessimistic price target was 42, which equates to a potential downside of -9.09 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 25.48 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.67 percent.

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 revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

CEVA has an estimated earnings growth rate of 7.27 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, 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 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 below the high by 5.07 percent. 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 stock has a market capitalization of $0.99027 billion. CEVA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.