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.
Many analysts weighed in on price targets for RECN. The highest price target was 16, implying a possible profit of 17.22 percent. The most pessimistic price target was 12, implying a possible loss of -12.09 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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 -14.29 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -9.09 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 3 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 4 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of RECN to grow at a rate of 30.15 percent. Another measure frequently examined by investors is 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. RECN has a PEG ratio of 0.82.
RECN has traded between a high of 19.80 and a low of 12.41 over the past year. Currently the stock is 9.99 percent higher than its low, 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 market cap of RECN is $0.39874 billion. RECN's next earnings release will be on 0000-00-00, which is days away.