Analyst Ratings for Cree Inc. (CREE)

Updated: 2017-07-26

An average rating of Hold has been given to Cree Inc. (NASDAQ:CREE) by analysts covering the stock. CREE had previously received a consensus rating of Hold a month ago.

16 analysts issued ratings on the stock, where 2 gave CREE a buy rating, 0 gave an overweight rating, 12 gave a hold rating, 0 issued an underweight rating, and 2 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for CREE. The maximum price target given was 29, which equates to a potential upside of 9.39 percent. The lowest price target was 17, implying a possible loss of -35.87 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

In the last 52-weeks, CREE has achieved a high of 31.64 and a low of 20.75. Today's price is 27.76 percent above the 52-week low, and 16.21 percent below the high. CREE has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The CREE value stock report compares CREE to some of its peers using value stock charts. The market cap of CREE is $2.57 billion. CREE's next earnings release will be on 0000-00-00, which is days away.