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. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -9.06 percent. That number becomes -15.23 percent if we expand the time horizon to include the past 3 months instead of just one. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 4 analysts that revised their FY estimates downwards.
Analysts estimate earnings of CYNO to grow at a rate of 140.24 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, 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. The current market price is above the trailing year's low by 46.79 percent, and 9.55 percent lower than its 52-week high. 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 stock has a market capitalization of $1.22 billion. CYNO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.