Analyst Ratings for Encore Wire Corp. (WIRE)

Updated: 2017-07-27

Encore Wire Corp. (NASDAQ:WIRE) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for WIRE last month.

1 analysts declared WIRE a buy, 0 issued an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

WIRE was given price targets by several analysts. The most optimistic price target was 49.2, which equates to a potential upside of 11.19 percent. The most pessimistic price target was 47, implying potential capital losses of 6.21 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -10.85 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 2.98 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of WIRE to grow at a rate of 26.8 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. WIRE has a PEG ratio of 0.88.

In the last 52-weeks, WIRE has achieved a high of 49.75 and a low of 33.70. The current market price is above the trailing year's low by 31.31 percent, and 11.06 percent lower than its 52-week high. WIRE has a price/earnings ratio of 23.66. Investors typically compare the P/E ratio to a company's peers in the industry. The WIRE value stock report compares WIRE to some of its peers using value stock charts. The stock has a market capitalization of $0.90984 billion. WIRE's next earnings release will be on 0000-00-00, which is days away.