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 most optimistic price target was 52, which equates to a potential upside of 31.15 percent. The minimum price target given was 40, which equates to a potential downside of 0.88 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. Meanwhile, fiscal year estimates have been revised upwards by 2.23 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.83 percent.
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 made negative revisions. 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.
Analysts estimate earnings of FELE to grow at a rate of -0.42 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, 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, 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.
FELE has traded between a high of 46.50 and a low of 34.75 over the past year. Today's price is 14.1 percent above the 52-week low, and 14.73 percent lower than its 52-week 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 stock has a market capitalization of $1.87 billion. FELE's next earnings release will be on 0000-00-00, which is days away.