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 potential capital gains of 17.22 percent. The lowest 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 3 analysts that decreased their estimates. 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Currently the stock is 9.99 percent higher than its low, and 31.06 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.