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.

Investment analysts gave a few price targets for OTEX. The most optimistic analyst gave a price target of 50.3, implying potential capital gains of 49.17 percent. The most pessimistic price target was 32, implying potential capital losses of -5.1 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 upwards by an average of 0.88 percent. That number becomes -16.67 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's 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. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. The current market price is above the trailing year's low by 15.09 percent, and 4.23 percent lower than its 52-week high. 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.