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.
Investment analysts gave a few price targets for EGOV. The maximum price target given was 23, which equates to a potential upside of 43.75 percent. The most pessimistic analyst gave a price target of 16, which equates to a potential downside of 0 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. 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.
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 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
EGOV has an estimated earnings growth rate of -16.02 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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. The PEG ratio of EGOV is -1.17.
EGOV has a 52-week high of 25.90 and a 52-week low of 15.80. Currently the stock is 1.27 percent higher than its low, and below the high by 38.22 percent. EGOV has a P/E 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 market cap of EGOV is $1.08 billion. EGOV's next earnings release will be on 0000-00-00, which is days away.