Analyst Ratings for Photronics Inc. (PLAB)Updated: 2017-07-28
Photronics Inc. (NASDAQ:PLAB) was awarded an average rating of Overweight from investment analysts following the stock. PLAB had previously received a consensus rating of Overweight a month ago.
A buy rating was issued by 3 analysts, 1 issued an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for PLAB. The highest price target was 15, implying a possible profit of 49.63 percent. The minimum price target given was 10, implying a possible loss of -0.25 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -33.24 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -31.14 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of PLAB's earnings is estimated by analysts to be 3.31 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. PLAB has a PEG ratio of 11.68.
PLAB has traded between a high of 12.10 and a low of 8.20 over the past year. Currently the stock is 22.26 percent higher than its low, and below the high by 17.15 percent. PLAB has a P/E ratio of 38.65. Investors typically compare the P/E ratio to a company's peers in the industry. The PLAB value stock report compares PLAB to some of its peers using value stock charts. The stock has a market capitalization of $0.69561 billion. PLAB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.