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.
Many analysts weighed in on 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 potential capital losses 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.88 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
The growth rate of OTEX's earnings is estimated by analysts to be -73.67 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, 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, 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. The current market price is above the trailing year's low by 15.09 percent, and 4.23 percent below the high. OTEX has a P/E 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's next earnings release will be on 0000-00-00, which is days away.