Analyst Ratings for QLogic Corporation (QLGC)Updated: 2016-08-14
Investment analysts gave a few price targets for QLGC. The maximum price target given was 15, implying potential capital gains of -6.48 percent. The most pessimistic analyst gave a price target of 14, which equates to a potential downside of -12.72 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.63 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 -0.63 percent. Meanwhile, fiscal year estimates have been revised upwards by 3.35 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 3.35 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
QLGC has an estimated earnings growth rate of 9.85 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the 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. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. QLGC has a PEG ratio of 2.21.
QLGC has a 52-week high of 16.05 and a 52-week low of 8.81. The current market price is above the trailing year's low by 82.07 percent, and 0.06 percent below the high. QLGC has a price/earnings ratio of 21.75. Investors typically compare the P/E ratio to a company's peers in the industry. The QLGC value stock report compares QLGC to some of its peers using value stock charts. The stock has a market capitalization of $1.37 billion. QLGC is estimated to release their earnings results for the quarter on 2016-10-20, days from today.