Analyst Ratings for Qorvo Inc. (QRVO)Updated: 2017-07-27
An average rating of Overweight has been given to Qorvo Inc. (NASDAQ:QRVO) by analysts covering the stock. Last month, QRVO received an average rating of Overweight.
26 analysts issued ratings on the stock, where 10 gave QRVO a buy rating, 2 issued an overweight rating, 13 gave a hold rating, 1 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for QRVO. The most optimistic price target was 95, implying potential capital gains of 37.48 percent. The lowest price target was 57, implying potential capital losses of -17.51 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 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -28.01 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 -8.2 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. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, QRVO hit 79.34 at the highest peak, while it's lowest trading point was 48.28. Currently the stock is 43.12 percent higher than its low, and 12.91 percent lower than its 52-week high. QRVO has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The QRVO value stock report compares QRVO to some of its peers using value stock charts. The stock has a market capitalization of $8.84 billion. QRVO's next earnings release will be on 0000-00-00, which is days away.