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.

Investment analysts gave a few price targets for CEVA. The most optimistic price target was 50, implying a possible profit of 8.23 percent. The most pessimistic analyst gave a price target of 42, which equates to a potential downside of -9.09 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. 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. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of CEVA to grow at a rate of 7.27 percent. People on Wall Street often look at a company's PEG ratio. 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. 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. The PEG ratio of CEVA is 8.95.

CEVA has traded between a high of 48.67 and a low of 28.15 over the past year. Today's price is 64.12 percent above the 52-week low, and 5.07 percent lower than its 52-week high. CEVA has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.