Analyst Ratings for Resources Connection Inc. (RECN)Updated: 2017-07-28
Shares of Resources Connection Inc. (NASDAQ:RECN) have received a consensus rating of Underweight from Wall Street analysts. RECN had previously received a consensus rating of Underweight a month ago.
3 analysts issued ratings on the stock, where 0 gave RECN a buy rating, 0 issued an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 1 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.
Investment analysts gave a few price targets for RECN. The most optimistic analyst gave a price target of 16, implying a possible profit of 17.22 percent. The most pessimistic analyst gave a price target of 12, which equates to a potential downside of -12.09 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -14.29 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -9.09 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 4 analysts made negative revisions to their fiscal year's estimates.
RECN has an estimated earnings growth rate of 30.15 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of RECN is 0.82.
RECN has a 52-week high of 19.80 and a 52-week low of 12.41. The current market price is above the trailing year's low by 9.99 percent, and below the high by 31.06 percent. RECN has a P/E ratio of 24.82. Investors typically compare the P/E ratio to a company's peers in the industry. The RECN value stock report compares RECN to some of its peers using value stock charts. The stock has a market capitalization of $0.39874 billion. RECN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.