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.
Several price targets were given for QRVO by the analysts covering the stock. The most optimistic analyst gave a price target of 95, implying a possible profit of 37.48 percent. The minimum price target given was 57, implying potential capital losses of -17.51 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. That number becomes -28.01 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -8.2 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
QRVO has a 52-week high of 79.34 and a 52-week low of 48.28. The current market price is above the trailing year's low by 43.12 percent, and below the high by 12.91 percent. 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 will post this quarters earnings in days, on 0000-00-00.