Analyst Ratings for SolarEdge Technologies Inc. (SEDG)Updated: 2017-07-28
SolarEdge Technologies Inc. (NASDAQ:SEDG) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for SEDG last month.
12 analysts issued ratings on the stock, where 8 gave SEDG a buy rating, 0 issued an overweight rating, 3 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has decreased by 2.
A number of analysts gave price targets for SEDG. The highest price target was 25, which equates to a potential upside of 10.62 percent. The minimum price target given was 11, which equates to a potential downside of -51.33 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 15.59 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 3.05 percent. If we look at the last 90 days instead, we find a net average change of 18.51 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, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of SEDG to grow at a rate of -12.87 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SEDG is -1.32.
In the trailing 52-weeks, SEDG hit 22.90 at the highest peak, while it's lowest trading point was 11.35. Today's price is 99.12 percent above the 52-week low, and 1.31 percent lower than its 52-week high. SEDG has a P/E ratio of 16.99. Investors typically compare the P/E ratio to a company's peers in the industry. The SEDG value stock report compares SEDG to some of its peers using value stock charts. The market cap of SEDG is $0.93528 billion. SEDG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.