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.
Investment analysts gave a few price targets for HIMX. The most optimistic price target was 10.3, implying a possible profit of 25.15 percent. The minimum price target given was 4, implying a possible loss of -51.4 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -108.33 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -20.56 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -70.54 percent in FY estimates.
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 HIMX to grow at a rate of -64.96 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of HIMX is -0.55.
HIMX has traded between a high of 10.95 and a low of 4.88 over the past year. The current market price is above the trailing year's low by 68.65 percent, and 24.84 percent lower than its 52-week high. HIMX has a P/E 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 market cap of HIMX is $1.4 billion. HIMX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.