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.
Many analysts weighed in on price targets for CYNO. The highest price target was 66, implying a possible profit of 30.43 percent. The most pessimistic price target was 40, which equates to a potential downside of -20.95 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. Meanwhile, fiscal year estimates have been revised upwards by 1.48 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -8.16 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 4 analysts revised their estimates downwards. 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, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CYNO is 0.55.
In the last 52-weeks, CYNO has achieved a high of 55.94 and a low of 34.47. The current market price is above the trailing year's low by 46.79 percent, 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 will post this quarters earnings in days, on 0000-00-00.