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 lowest price target 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 15.59 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 3.05 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 18.51 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of SEDG's earnings is estimated by analysts to be -12.87 percent. Another measure frequently examined by investors is 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. 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. SEDG has a PEG ratio of -1.32.
SEDG has a 52-week high of 22.90 and a 52-week low of 11.35. Today's price is 99.12 percent above the 52-week low, and 1.31 percent below the high. SEDG has a price/earnings 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 stock has a market capitalization of $0.93528 billion. SEDG's next earnings release will be on 0000-00-00, which is days away.