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.
SONC was given price targets by several analysts. The highest price target was 32, which equates to a potential upside of 32.01 percent. The most pessimistic price target was 24, implying potential capital losses of -0.99 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.14 percent. The average change in earnings estimates over the last 90 days is -5.48 percent. 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
SONC has an estimated earnings growth rate of -18.34 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SONC is -0.88.
SONC has traded between a high of 30.05 and a low of 21.12 over the past year. Today's price is 14.77 percent above the 52-week low, and 19.33 percent below the high. 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.