Analyst Ratings for Pattern Energy Group Inc. (PEGI)

Updated: 2017-07-27

Analysts covering Pattern Energy Group Inc. (NASDAQ:PEGI) have given it a consensus rating of Overweight. Last month, PEGI received an average rating of Overweight.

Of the 13 analysts covering the stock, 9 gave it a buy rating, 1 gave an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Investment analysts gave a few price targets for PEGI. The highest price target was 33, implying a possible profit of 32 percent. The minimum price target given was 24, implying a possible loss of -4 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 55.36 percent. That number becomes 0 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 101.67 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 233.93 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

In the trailing 52-weeks, PEGI hit 25.42 at the highest peak, while it's lowest trading point was 18.68. Today's price is 33.83 percent above the 52-week low, and 1.65 percent lower than its 52-week high. PEGI has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PEGI value stock report compares PEGI to some of its peers using value stock charts. The stock has a market capitalization of $2.2 billion. PEGI's next earnings release will be on 0000-00-00, which is days away.