Analyst Ratings for Iridium Communications Inc. (IRDM)

Updated: 2017-07-28

Analysts covering Iridium Communications Inc. (NASDAQ:IRDM) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for IRDM last month.

4 analysts declared IRDM a buy, 0 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for IRDM. The highest price target was 16, implying a possible profit of 46.12 percent. The minimum price target given was 11, implying potential capital losses of 0.46 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 0.44 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 upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 13.86 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. 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.

IRDM has an estimated earnings growth rate of -7.69 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of IRDM is -1.5.

In the trailing 52-weeks, IRDM hit 11.58 at the highest peak, while it's lowest trading point was 6.80. Currently the stock is 61.03 percent higher than its low, and 5.44 percent lower than its 52-week high. IRDM has a P/E ratio of 11.53. Investors typically compare the P/E ratio to a company's peers in the industry. The IRDM value stock report compares IRDM to some of its peers using value stock charts. The stock has a market capitalization of $1.06 billion. IRDM's next earnings release will be on 0000-00-00, which is days away.