Analyst Ratings for Sonic Corp. (SONC)Updated: 2017-07-27
Shares of Sonic Corp. (NASDAQ:SONC) have received a consensus rating of Hold from Wall Street analysts. Last month, SONC received an average rating of Hold.
Of the 17 analysts covering the stock, 5 gave it a buy rating, 0 gave an overweight rating, 10 gave a hold rating, 1 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 decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
Investment analysts gave a few price targets for SONC. The highest price target was 32, which equates to a potential upside of 32.01 percent. The most pessimistic analyst gave a price target of 24, implying potential capital losses of -0.99 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 -1.14 percent. That number becomes -5.48 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. If we look at the last 90 days instead, we find a net average change of -0.8 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of SONC to grow at a rate of -18.34 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. SONC has a PEG ratio of -0.88.
SONC has traded between a high of 30.05 and a low of 21.12 over the past year. Currently the stock is 14.77 percent higher than its low, and below the high by 19.33 percent. SONC has a P/E ratio of 16.16. Investors typically compare the P/E ratio to a company's peers in the industry. The SONC value stock report compares SONC to some of its peers using value stock charts. The market cap of SONC is $1.02 billion. SONC's next earnings release will be on 0000-00-00, which is days away.