Analyst Ratings for NIC Inc. (EGOV)Updated: 2017-07-28
Shares of NIC Inc. (NASDAQ:EGOV) have received a consensus rating of Hold from Wall Street analysts. Last month, EGOV received an average rating of Hold.
1 analysts declared EGOV a buy, 0 gave an overweight rating, 7 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 increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
EGOV was given price targets by several analysts. The most optimistic analyst gave a price target of 23, which equates to a potential upside of 43.75 percent. The minimum price target given was 16, which equates to a potential downside of 0 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -5.26 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 1.41 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.82 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of EGOV to grow at a rate of -16.02 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. EGOV has a PEG ratio of -1.17.
EGOV has traded between a high of 25.90 and a low of 15.80 over the past year. The current market price is above the trailing year's low by 1.27 percent, and below the high by 38.22 percent. EGOV has a price/earnings ratio of 18.82. Investors typically compare the P/E ratio to a company's peers in the industry. The EGOV value stock report compares EGOV to some of its peers using value stock charts. The stock has a market capitalization of $1.08 billion. EGOV will post this quarters earnings in days, on 0000-00-00.