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.
LITE was given price targets by several analysts. The most optimistic analyst gave a price target of 80, implying a possible profit of 29.24 percent. The most pessimistic price target was 44, implying a possible loss of -28.92 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -44.64 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -12.55 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, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
LITE has traded between a high of 68.63 and a low of 28.44 over the past year. Today's price is 117.65 percent above the 52-week low, and 9.81 percent lower than its 52-week high. LITE has a P/E 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 stock has a market capitalization of $3.97 billion. LITE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.