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 potential capital gains of 32 percent. The minimum price target given was 24, implying potential capital losses 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 55.36 percent. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 101.67 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 233.93 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

PEGI has traded between a high of 25.42 and a low of 18.68 over the past year. The current market price is above the trailing year's low by 33.83 percent, 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 market cap of PEGI is $2.2 billion. PEGI's next earnings release will be on 0000-00-00, which is days away.