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.

CREE was given price targets by several analysts. The maximum price target given was 29, which equates to a potential upside of 9.39 percent. The minimum price target given was 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. 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. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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.

In the trailing 52-weeks, CREE hit 31.64 at the highest peak, while it's lowest trading point was 20.75. Today's price is 27.76 percent above the 52-week 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.