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 highest price target was 41, implying potential capital gains of 31.41 percent. The most pessimistic price target was 29, implying a possible loss of -7.05 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -22.5 percent. That number becomes -244.44 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
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 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.
In the trailing 52-weeks, VECO hit 34.38 at the highest peak, while it's lowest trading point was 16.37. Today's price is 90.59 percent above the 52-week low, and 9.25 percent below the 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 stock has a market capitalization of $1.51 billion. VECO's next earnings release will be on 0000-00-00, which is days away.