Analyst Ratings for Cirrus Logic Inc. (CRUS)

Updated: 2017-07-26

Analysts covering Cirrus Logic Inc. (NASDAQ:CRUS) have given it a consensus rating of Overweight. CRUS had previously received a consensus rating of Overweight a month ago.

8 analysts declared CRUS a buy, 1 gave an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 1 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. During this time, the number of analysts bearish on the stock has increased by 1.

A number of analysts gave price targets for CRUS. The maximum price target given was 80, which equates to a potential upside of 24.05 percent. The most pessimistic price target was 55, implying potential capital losses of -14.72 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.17 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -0.5 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, 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.

The growth rate of CRUS's earnings is estimated by analysts to be 8.04 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. CRUS has a PEG ratio of 2.12.

CRUS has traded between a high of 71.97 and a low of 41.12 over the past year. The current market price is above the trailing year's low by 56.83 percent, and 10.39 percent lower than its 52-week high. CRUS has a P/E ratio of 17.06. Investors typically compare the P/E ratio to a company's peers in the industry. The CRUS value stock report compares CRUS to some of its peers using value stock charts. The market cap of CRUS is $4.13 billion. CRUS's next earnings release will be on 0000-00-00, which is days away.