Analyst Ratings for Veeco Instruments Inc. (VECO)

Updated: 2017-07-28

Shares of Veeco Instruments Inc. (NASDAQ:VECO) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, VECO was issued an average rating of Overweight.

11 analysts issued ratings on the stock, where 8 gave VECO a buy rating, 0 gave an overweight rating, 3 issued a hold rating, 0 issued an underweight rating, and 0 gave 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 increased by 0.

Investment analysts gave a few price targets for VECO. The most optimistic price target was 41, implying a possible profit of 31.41 percent. The most pessimistic analyst gave a price target of 29, implying a possible loss of -7.05 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -22.5 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -244.44 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 21.67 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 35.42 percent.

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 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

VECO has traded between a high of 34.38 and a low of 16.37 over the past year. The current market price is above the trailing year's low by 90.59 percent, and 9.25 percent lower than its 52-week high. VECO has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The VECO value stock report compares VECO to some of its peers using value stock charts. The market cap of VECO is $1.51 billion. VECO will post this quarters earnings in days, on 0000-00-00.