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 most optimistic price target was 29, implying potential capital gains of 9.39 percent. The most pessimistic analyst gave a price target of 17, implying a possible loss of -35.87 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain 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.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. 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.

CREE has traded between a high of 31.64 and a low of 20.75 over the past year. The current market price is above the trailing year's low by 27.76 percent, 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 market cap of CREE is $2.57 billion. CREE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.