Analyst Ratings for Nuance Communications Inc. (NUAN)Updated: 2017-07-27
Nuance Communications Inc. (NASDAQ:NUAN) was awarded an average rating of Overweight from investment analysts following the stock. NUAN had previously received a consensus rating of Overweight a month ago.
6 analysts declared NUAN a buy, 0 gave an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for NUAN. The highest price target was 26, implying a possible profit of 49.77 percent. The most pessimistic price target was 18, implying potential capital losses of 3.69 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -8.71 percent. That number becomes -33.56 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 downwards by -6.81 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -30.91 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 4 analysts decreased their estimates.
NUAN has traded between a high of 19.93 and a low of 13.44 over the past year. The current market price is above the trailing year's low by 29.17 percent, and 12.9 percent below the high. NUAN has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The NUAN value stock report compares NUAN to some of its peers using value stock charts. The stock has a market capitalization of $4.99 billion. NUAN's next earnings release will be on 0000-00-00, which is days away.