Analyst Ratings for CareTrust REIT Inc. (CTRE)

Updated: 2017-07-28

Analysts covering CareTrust REIT Inc. (NASDAQ:CTRE) have given it a consensus rating of Overweight. About 30 days ago, CTRE was issued an average rating of Overweight.

10 analysts issued ratings on the stock, where 3 gave CTRE a buy rating, 1 gave an overweight rating, 6 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for CTRE. The most optimistic analyst gave a price target of 20, implying potential capital gains of 10.38 percent. The most pessimistic analyst gave a price target of 17, implying potential capital losses of -6.18 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -1.67 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 -0.78 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CTRE to grow at a rate of 115.22 percent. Another measure frequently examined by investors is the 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. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. CTRE has a PEG ratio of 0.29.

In the last 52-weeks, CTRE has achieved a high of 19.86 and a low of 12.70. Currently the stock is 42.68 percent higher than its low, and below the high by 8.76 percent. CTRE has a P/E ratio of 32.95. Investors typically compare the P/E ratio to a company's peers in the industry. The CTRE value stock report compares CTRE to some of its peers using value stock charts. The stock has a market capitalization of $1.33 billion. CTRE's next earnings release will be on 0000-00-00, which is days away.