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 maximum price target given was 50.3, implying a possible profit of 49.17 percent. The lowest price target was 32, implying a possible loss of -5.1 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Over the past 30 days, FY earnings estimates have also changed upwards by 0.25 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -23.22 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, 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.
Analysts estimate earnings of OTEX to grow at a rate of -73.67 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. 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. OTEX has a PEG ratio of -0.11.
OTEX has traded between a high of 35.21 and a low of 29.30 over the past year. Currently the stock is 15.09 percent higher than its low, 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 will post this quarters earnings in days, on 0000-00-00.