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.
Several price targets were given for RECN by the analysts covering the stock. The most optimistic price target was 16, implying a possible profit of 17.22 percent. The minimum price target given was 12, which equates to a potential downside of -12.09 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. If we look at the last 90 days instead, we find a net average change of -9.09 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. RECN has a PEG ratio of 0.82.
In the last 52-weeks, RECN has achieved a high of 19.80 and a low of 12.41. The current market price is above the trailing year's low by 9.99 percent, and 31.06 percent lower than its 52-week high. RECN has a price/earnings 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.