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.

Several price targets were given for CRUS by the analysts covering the stock. The highest price target was 80, which equates to a potential upside of 24.05 percent. The most pessimistic analyst gave a price target of 55, implying potential capital losses of -14.72 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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 -2.17 percent. 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 -0.5 percent.

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, 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, compared to 0 analysts that revised their FY estimates downwards.

CRUS has an estimated earnings growth rate of 8.04 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of CRUS is 2.12.

CRUS has traded between a high of 71.97 and a low of 41.12 over the past year. Currently the stock is 56.83 percent higher than its low, and 10.39 percent lower than its 52-week high. CRUS has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.