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.

Many analysts weighed in on price targets for CREE. The most optimistic analyst gave a price target of 29, implying potential capital gains of 9.39 percent. The lowest price target was 17, which equates to a potential downside of -35.87 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

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 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.

People are often interested in whether analysts were united in the direction of their 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.

In the last 52-weeks, CREE has achieved a high of 31.64 and a low of 20.75. Currently the stock is 27.76 percent higher than its low, and below the high by 16.21 percent. 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 stock has a market capitalization of $2.57 billion. CREE will post this quarters earnings in days, on 0000-00-00.