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, which equates to a potential upside 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -14.29 percent. 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. Over the past month, 0 analysts increased their quarterly estimates, while 3 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 4 analysts that revised their FY estimates downwards.
The growth rate of RECN's earnings is estimated by analysts to be 30.15 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 31.06 percent lower than its 52-week high. 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.