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.
PLAB was given price targets by several analysts. The most optimistic analyst gave a price target of 15, which equates to a potential upside of 49.63 percent. The most pessimistic analyst gave a price target of 10, implying potential capital losses of -0.25 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -33.24 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -31.14 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, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, 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, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. PLAB has a PEG ratio of 11.68.
In the trailing 52-weeks, PLAB hit 12.10 at the highest peak, while it's lowest trading point was 8.20. Today's price is 22.26 percent above the 52-week low, and 17.15 percent lower than its 52-week high. PLAB has a price/earnings 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 market cap of PLAB is $0.69561 billion. PLAB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.