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 maximum price target given was 16, implying a possible profit of 46.12 percent. The most pessimistic analyst gave a price target of 11, implying a possible loss of 0.46 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.44 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of IRDM to grow at a rate of -7.69 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. IRDM has a PEG ratio of -1.5.
IRDM has a 52-week high of 11.58 and a 52-week low of 6.80. The current market price is above the trailing year's low by 61.03 percent, and 5.44 percent lower than its 52-week high. IRDM has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.