Analyst Ratings for Franklin Electric Co. Inc. (FELE)Updated: 2017-07-27
Franklin Electric Co. Inc. (NASDAQ:FELE) was awarded an average rating of Hold from investment analysts following the stock. A consensus rating of Overweight was previously issued for FELE last month.
Of the 7 analysts covering the stock, 1 gave it a buy rating, 0 gave an overweight rating, 6 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. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
FELE was given price targets by several analysts. The highest price target was 52, which equates to a potential upside of 31.15 percent. The most pessimistic analyst gave a price target of 40, implying a possible loss of 0.88 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 -1 percent. That number becomes -1.96 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 2.23 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.83 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 3 analysts that decreased their estimates. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
FELE has an estimated earnings growth rate of -0.42 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of FELE is -51.38.
FELE has a 52-week high of 46.50 and a 52-week low of 34.75. Today's price is 14.1 percent above the 52-week low, and 14.73 percent below the high. FELE has a P/E ratio of 21.58. Investors typically compare the P/E ratio to a company's peers in the industry. The FELE value stock report compares FELE to some of its peers using value stock charts. The market cap of FELE is $1.87 billion. FELE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.