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.

Many analysts weighed in on price targets for IRDM. The most optimistic price target was 16, implying a possible profit of 46.12 percent. The lowest price target was 11, which equates to a potential downside of 0.46 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. The average change in earnings estimates over the last 90 days is 0.44 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 13.86 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's 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. 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 IRDM is -1.5.

IRDM has traded between a high of 11.58 and a low of 6.80 over the past year. The current market price is above the trailing year's low by 61.03 percent, and 5.44 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.