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.
Investment analysts gave a few price targets for FELE. The most optimistic price target was 52, implying potential capital gains of 31.15 percent. The lowest price target was 40, which equates to a potential downside of 0.88 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 downwards for this quarter, by about -1 percent on average, compared to last month. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of FELE to grow at a rate of -0.42 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. FELE has a PEG ratio of -51.38.
FELE has a 52-week high of 46.50 and a 52-week low of 34.75. The current market price is above the trailing year's low by 14.1 percent, and 14.73 percent below the high. FELE has a price/earnings 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.