Analyst Ratings for Snyders-Lance Inc. (LNCE)Updated: 2017-07-26
Snyders-Lance Inc. (NASDAQ:LNCE) was awarded an average rating of Overweight from investment analysts following the stock. Last month, LNCE received an average rating of Overweight.
A buy rating was issued by 4 analysts, 0 gave an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for LNCE. The most optimistic price target was 44, implying a possible profit of 22.97 percent. The most pessimistic analyst gave a price target of 31, which equates to a potential downside of -13.36 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 -3.7 percent. The average change in earnings estimates over the last 90 days is 2.55 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.45 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.88 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
LNCE has an estimated earnings growth rate of 25.68 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. LNCE has a PEG ratio of 1.62.
In the last 52-weeks, LNCE has achieved a high of 40.86 and a low of 31.03. Currently the stock is 15.31 percent higher than its low, and below the high by 12.43 percent. LNCE has a P/E ratio of 41.65. Investors typically compare the P/E ratio to a company's peers in the industry. The LNCE value stock report compares LNCE to some of its peers using value stock charts. The market cap of LNCE is $3.51 billion. LNCE's next earnings release will be on 0000-00-00, which is days away.