Analyst Ratings for Greenlight Capital Re Ltd. Cl A (GLRE)

Updated: 2017-07-28

An average rating of Overweight has been given to Greenlight Capital Re Ltd. Cl A (NASDAQ:GLRE) by analysts covering the stock. A consensus rating of Overweight was previously issued for GLRE last month.

2 analysts declared GLRE a buy, 0 issued an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

GLRE was given price targets by several analysts. The maximum price target given was 27, implying potential capital gains of 27.36 percent. The most pessimistic analyst gave a price target of 27, implying potential capital losses of 27.36 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -65.91 percent. That number becomes -266.4 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 downwards by -29.91 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -77.62 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

GLRE has an estimated earnings growth rate of 26.5 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. GLRE has a PEG ratio of 2.86.

GLRE has a 52-week high of 24.10 and a 52-week low of 19.25. The current market price is above the trailing year's low by 10.13 percent, and 12.03 percent below the high. GLRE has a P/E ratio of 75.9. Investors typically compare the P/E ratio to a company's peers in the industry. The GLRE value stock report compares GLRE to some of its peers using value stock charts. The stock has a market capitalization of $0.78622 billion. GLRE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.