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.
A number of analysts gave price targets for VECO. The most optimistic price target was 41, implying a possible profit of 31.41 percent. The minimum price target given was 29, implying potential capital losses of -7.05 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -22.5 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -244.44 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 21.67 percent. If we look at the last 90 days instead, we find a net average change of 35.42 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, which can be compared to the 2 analysts that decreased their estimates. 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.
In the trailing 52-weeks, VECO hit 34.38 at the highest peak, while it's lowest trading point was 16.37. The current market price is above the trailing year's low by 90.59 percent, and below the high by 9.25 percent. 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.