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, which equates to a potential upside of 9.39 percent. The lowest price target was 17, implying potential capital losses of -35.87 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 0 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. 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 revised their estimates downwards. 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.

CREE has a 52-week high of 31.64 and a 52-week low of 20.75. Currently the stock is 27.76 percent higher than its low, and 16.21 percent lower than its 52-week high. CREE has a P/E 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.