Analyst Ratings for Lumentum Holdings Inc. (LITE)

Updated: 2017-07-27

Lumentum Holdings Inc. (NASDAQ:LITE) was awarded an average rating of Overweight from investment analysts following the stock. About 30 days ago, LITE was issued an average rating of Overweight.

10 analysts declared LITE a buy, 0 gave an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has decreased by 1.

Several price targets were given for LITE by the analysts covering the stock. The most optimistic price target was 80, implying a possible profit of 29.24 percent. The minimum price target given was 44, implying potential capital losses of -28.92 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 -44.64 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -12.55 percent.

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. 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.

In the last 52-weeks, LITE has achieved a high of 68.63 and a low of 28.44. Currently the stock is 117.65 percent higher than its low, and below the high by 9.81 percent. LITE has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The LITE value stock report compares LITE to some of its peers using value stock charts. The market cap of LITE is $3.97 billion. LITE will post this quarters earnings in days, on 0000-00-00.