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.
A number of analysts gave price targets for FELE. The maximum price target given was 52, implying a possible profit of 31.15 percent. The minimum price target given was 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.96 percent. Meanwhile, fiscal year estimates have been revised upwards by 2.23 percent, compared to last month. 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, while 3 analysts revised their estimates downwards. 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.
The growth rate of FELE's earnings is estimated by analysts to be -0.42 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of FELE is -51.38.
In the last 52-weeks, FELE has achieved a high of 46.50 and a low of 34.75. Currently the stock is 14.1 percent higher than its low, and below the high by 14.73 percent. 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 will post this quarters earnings in days, on 0000-00-00.