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.

A number of analysts gave price targets for OTEX. The most optimistic price target was 50.3, implying potential capital gains of 49.17 percent. The most pessimistic price target was 32, implying a possible loss of -5.1 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 0.88 percent. The average change in earnings estimates over the last 90 days is -16.67 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.25 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -23.22 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

OTEX has an estimated earnings growth rate of -73.67 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 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.

OTEX has a 52-week high of 35.21 and a 52-week 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 market cap of OTEX is $8.98 billion. OTEX's next earnings release will be on 0000-00-00, which is days away.