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 most optimistic price target was 33, which equates to a potential upside of 32 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 101.67 percent. If we look at the last 90 days instead, we find a net average change of 233.93 percent in FY estimates.
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.
In the trailing 52-weeks, PEGI hit 25.42 at the highest peak, while it's lowest trading point was 18.68. The current market price is above the trailing year's low by 33.83 percent, and 1.65 percent below the 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.