Analyst Ratings for Diodes Inc. (DIOD)Updated: 2017-07-27
Shares of Diodes Inc. (NASDAQ:DIOD) have received a consensus rating of Overweight from Wall Street analysts. DIOD had previously received a consensus rating of Hold a month ago.
A buy rating was issued by 1 analysts, 1 gave an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
Investment analysts gave a few price targets for DIOD. The most optimistic price target was 31, implying a possible profit of 16.15 percent. The most pessimistic analyst gave a price target of 30, which equates to a potential downside of 12.4 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 41.23 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.83 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 22.13 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
DIOD has an estimated earnings growth rate of 227.92 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. 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. DIOD has a PEG ratio of 0.31.
DIOD has traded between a high of 27.50 and a low of 17.83 over the past year. The current market price is above the trailing year's low by 49.69 percent, and 2.95 percent lower than its 52-week high. DIOD has a P/E ratio of 70.24. Investors typically compare the P/E ratio to a company's peers in the industry. The DIOD value stock report compares DIOD to some of its peers using value stock charts. The market cap of DIOD is $1.29 billion. DIOD's next earnings release will be on 0000-00-00, which is days away.