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.

Several price targets were given for CTRE by the analysts covering the stock. The highest price target was 20, implying a possible profit of 10.38 percent. The lowest price target was 17, implying a possible loss of -6.18 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of CTRE to grow at a rate of 115.22 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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, but many choose to perform ratio comparisons with other companies in the industry. CTRE has a PEG ratio of 0.29.

CTRE has a 52-week high of 19.86 and a 52-week low of 12.70. The current market price is above the trailing year's low by 42.68 percent, and 8.76 percent below the high. 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 will post this quarters earnings in days, on 0000-00-00.