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 highest price target was 50, implying a possible profit of 8.23 percent. The lowest price target was 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.

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. 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 decreased their estimates.

CEVA has an estimated earnings growth rate of 7.27 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. CEVA has a PEG ratio of 8.95.

CEVA has traded between a high of 48.67 and a low of 28.15 over the past year. Currently the stock is 64.12 percent higher than its low, and below the high by 5.07 percent. 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 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.