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 maximum price target given 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. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 101.67 percent, as compared to a month ago. 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 made negative revisions. 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 traded between a high of 25.42 and a low of 18.68 over the past year. 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.