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.
Many analysts weighed in on price targets for VECO. The highest price target was 41, which equates to a potential upside 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. That number becomes -244.44 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 21.67 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 35.42 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. 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.
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 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 market cap of VECO is $1.51 billion. VECO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.