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 highest price target was 27, which equates to a potential upside of 27.36 percent. The most pessimistic price target was 27, implying potential capital losses of 27.36 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. Over the past 30 days, FY earnings estimates have also changed downwards by -29.91 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -77.62 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of GLRE to grow at a rate of 26.5 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of GLRE is 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 below the high by 12.03 percent. 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's next earnings release will be on 0000-00-00, which is days away.