Analyst Ratings for Himax Technologies Inc. ADR (HIMX)Updated: 2017-07-28
Shares of Himax Technologies Inc. ADR (NASDAQ:HIMX) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for HIMX last month.
A buy rating was issued by 6 analysts, 0 gave an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 2 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 2.
A number of analysts gave price targets for HIMX. The most optimistic analyst gave a price target of 10.3, implying potential capital gains of 25.15 percent. The most pessimistic analyst gave a price target of 4, which equates to a potential downside of -51.4 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.
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 -108.33 percent. Meanwhile, fiscal year estimates have been revised downwards by -20.56 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -70.54 percent.
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 revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
The growth rate of HIMX's earnings is estimated by analysts to be -64.96 percent. People on Wall Street often look at a company's 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. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of HIMX is -0.55.
In the trailing 52-weeks, HIMX hit 10.95 at the highest peak, while it's lowest trading point was 4.88. The current market price is above the trailing year's low by 68.65 percent, and below the high by 24.84 percent. HIMX has a price/earnings ratio of 35.61. Investors typically compare the P/E ratio to a company's peers in the industry. The HIMX value stock report compares HIMX to some of its peers using value stock charts. The stock has a market capitalization of $1.4 billion. HIMX will post this quarters earnings in days, on 0000-00-00.