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 highest price target was 49.2, which equates to a potential upside of 11.19 percent. The most pessimistic analyst gave a price target of 47, which equates to a potential downside of 6.21 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. If we look at the last 90 days instead, we find a net average change of 2.98 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of WIRE to grow at a rate of 26.8 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of WIRE is 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 below the 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 will post this quarters earnings in days, on 0000-00-00.