Analyst Ratings for Sinclair Broadcast Group Inc. Cl A (SBGI)

Updated: 2017-07-26

An average rating of Buy has been given to Sinclair Broadcast Group Inc. Cl A (NASDAQ:SBGI) by analysts covering the stock. SBGI had previously received a consensus rating of Buy a month ago.

A buy rating was issued by 5 analysts, 1 issued an overweight rating, 0 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.

A number of analysts gave price targets for SBGI. The most optimistic analyst gave a price target of 52, implying a possible profit of 43.05 percent. The most pessimistic analyst gave a price target of 45, implying a possible loss of 23.8 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -28.22 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.11 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of SBGI to grow at a rate of -31.42 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. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. SBGI has a PEG ratio of -0.39.

SBGI has traded between a high of 43.05 and a low of 24.15 over the past year. Currently the stock is 50.52 percent higher than its low, and below the high by 15.56 percent. SBGI has a P/E ratio of 12.16. Investors typically compare the P/E ratio to a company's peers in the industry. The SBGI value stock report compares SBGI to some of its peers using value stock charts. The stock has a market capitalization of $3.61 billion. SBGI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.