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, which equates to a potential upside of 31.15 percent. The most pessimistic price target was 40, implying potential capital losses of 0.88 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates downwards for this quarter, by about -1 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.96 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's 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. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 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.