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.
Investment analysts gave a few 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 a possible loss of -17.51 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -28.01 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 -8.2 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
QRVO has traded between a high of 79.34 and a low of 48.28 over the past year. Today's price is 43.12 percent above the 52-week low, and below the high by 12.91 percent. QRVO has a P/E 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 market cap of QRVO is $8.84 billion. QRVO's next earnings release will be on 0000-00-00, which is days away.