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.

A number of analysts gave price targets for WIRE. The most optimistic price target was 49.2, implying potential capital gains of 11.19 percent. The most pessimistic price target was 47, implying a possible loss of 6.21 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -10.85 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.98 percent.

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

The growth rate of WIRE's earnings is estimated by analysts to be 26.8 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of WIRE is 0.88.

WIRE has a 52-week high of 49.75 and a 52-week low of 33.70. The current market price is above the trailing year's low by 31.31 percent, and below the high by 11.06 percent. WIRE has a P/E 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.