Analyst Ratings for Exelixis Inc. (EXEL)Updated: 2017-07-27
Shares of Exelixis Inc. (NASDAQ:EXEL) have received a consensus rating of Overweight from Wall Street analysts. Last month, EXEL received an average rating of Overweight.
10 analysts issued ratings on the stock, where 7 gave EXEL a buy rating, 0 issued an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
Several price targets were given for EXEL by the analysts covering the stock. The highest price target was 33, implying a possible profit of 17.77 percent. The most pessimistic analyst gave a price target of 16, which equates to a potential downside of -42.9 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -12.5 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.78 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 292.5 percent in FY estimates.
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 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
EXEL has traded between a high of 28.45 and a low of 8.66 over the past year. Currently the stock is 223.56 percent higher than its low, and 1.51 percent below the high. EXEL has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The EXEL value stock report compares EXEL to some of its peers using value stock charts. The stock has a market capitalization of $8.02 billion. EXEL is estimated to release their earnings results for the quarter on 0000-00-00, days from today.