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.

Many analysts weighed in on price targets for LITE. The highest price target was 80, implying a possible profit of 29.24 percent. The most pessimistic price target was 44, implying potential capital losses 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. 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 -12.55 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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, compared to 0 analysts that revised their FY estimates downwards.

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 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 market cap of LITE is $3.97 billion. LITE's next earnings release will be on 0000-00-00, which is days away.