Analyst Ratings for Open Text Corp. (OTEX)

Updated: 2017-07-29

Shares of Open Text Corp. (NASDAQ:OTEX) have received a consensus rating of Buy from Wall Street analysts. Last month, OTEX received an average rating of Buy.

15 analysts issued ratings on the stock, where 12 gave OTEX a buy rating, 1 issued an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

OTEX was given price targets by several analysts. The most optimistic price target was 50.3, implying a possible profit of 49.17 percent. The most pessimistic analyst gave a price target of 32, implying a possible loss of -5.1 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.88 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -16.67 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.25 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -23.22 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 1 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

OTEX has an estimated earnings growth rate of -73.67 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of OTEX is -0.11.

In the last 52-weeks, OTEX has achieved a high of 35.21 and a low of 29.30. Currently the stock is 15.09 percent higher than its low, and below the high by 4.23 percent. OTEX has a price/earnings ratio of 7.76. Investors typically compare the P/E ratio to a company's peers in the industry. The OTEX value stock report compares OTEX to some of its peers using value stock charts. The stock has a market capitalization of $8.98 billion. OTEX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.