Analyst Ratings for Match Group Inc. (MTCH)Updated: 2017-07-26
Match Group Inc. (NASDAQ:MTCH) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for MTCH last month.
Of the 17 analysts covering the stock, 12 gave it a buy rating, 0 gave an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for MTCH. The highest price target was 23, implying a possible profit of 22.86 percent. The most pessimistic analyst gave a price target of 15, implying potential capital losses of -19.87 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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 -12.66 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -9.31 percent in FY estimates.
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, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MTCH's earnings is estimated by analysts to be -2.25 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of MTCH is -12.18.
In the trailing 52-weeks, MTCH hit 20.75 at the highest peak, while it's lowest trading point was 14.32. The current market price is above the trailing year's low by 30.73 percent, and 9.78 percent below the high. MTCH has a price/earnings ratio of 27.4. Investors typically compare the P/E ratio to a company's peers in the industry. The MTCH value stock report compares MTCH to some of its peers using value stock charts. The stock has a market capitalization of $4.88 billion. MTCH is estimated to release their earnings results for the quarter on 0000-00-00, days from today.