Analyst Ratings for FormFactor Inc. (FORM)Updated: 2017-07-28
Analysts covering FormFactor Inc. (NASDAQ:FORM) have given it a consensus rating of Buy. A consensus rating of Buy was previously issued for FORM last month.
8 analysts issued ratings on the stock, where 7 gave FORM a buy rating, 0 gave an overweight rating, 1 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for FORM. The most optimistic price target was 19, which equates to a potential upside of 45.04 percent. The lowest price target was 15, which equates to a potential downside of 14.5 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 25 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.49 percent. If we look at the last 90 days instead, we find a net average change of 15.55 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
FORM has an estimated earnings growth rate of 222.33 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. FORM has a PEG ratio of 0.23.
FORM has a 52-week high of 15.58 and a 52-week low of 8.55. The current market price is above the trailing year's low by 53.22 percent, and 15.92 percent lower than its 52-week high. FORM has a price/earnings ratio of 50.38. Investors typically compare the P/E ratio to a company's peers in the industry. The FORM value stock report compares FORM to some of its peers using value stock charts. The stock has a market capitalization of $0.9556 billion. FORM's next earnings release will be on 0000-00-00, which is days away.