Analyst Ratings for Cynosure, Inc. (CYNO)Updated: 2017-02-13
Shares of Cynosure, Inc. (NASDAQ:CYNO) have received a consensus rating of Buy from Wall Street analysts. CYNO had previously received a consensus rating of Buy a month ago.
7 analysts declared CYNO a buy, 0 gave an overweight rating, 0 issued a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an decrease of 1 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 CYNO. The most optimistic price target was 66, implying a possible profit of 30.43 percent. The lowest price target was 40, implying potential capital losses of -20.95 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 -9.06 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -15.23 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.48 percent. If we look at the last 90 days instead, we find a net average change of -8.16 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 4 analysts decreased their estimates.
CYNO has an estimated earnings growth rate of 140.24 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. CYNO has a PEG ratio of 0.55.
CYNO has a 52-week high of 55.94 and a 52-week low of 34.47. Currently the stock is 46.79 percent higher than its low, and below the high by 9.55 percent. CYNO has a price/earnings ratio of 77.79. Investors typically compare the P/E ratio to a company's peers in the industry. The CYNO value stock report compares CYNO to some of its peers using value stock charts. The market cap of CYNO is $1.22 billion. CYNO's next earnings release will be on 0000-00-00, which is days away.