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.
PEGI was given price targets by several analysts. The highest price target was 33, implying a possible profit of 32 percent. The most pessimistic price target was 24, implying potential capital losses of -4 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Over the past 30 days, FY earnings estimates have also changed upwards by 101.67 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 233.93 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 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, 2 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.
PEGI has a 52-week high of 25.42 and a 52-week low of 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 will post this quarters earnings in days, on 0000-00-00.