Analyst Ratings for Allete Inc. (ALE)Updated: 2017-07-26
Analysts covering Allete Inc. (NYSE:ALE) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for ALE last month.
A buy rating was issued by 3 analysts, 0 gave an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for ALE. The maximum price target given was 78, implying a possible profit of 7.9 percent. The minimum price target given was 65, implying potential capital losses of -10.08 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.93 percent. That number becomes 3.74 percent if we expand the time horizon to include the past 3 months instead of just one. 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 0 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
The growth rate of ALE's earnings is estimated by analysts to be 9.2 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. ALE has a PEG ratio of 2.48.
In the trailing 52-weeks, ALE hit 74.59 at the highest peak, while it's lowest trading point was 56.48. Today's price is 27.99 percent above the 52-week low, and below the high by 3.08 percent. ALE has a P/E ratio of 22.8. Investors typically compare the P/E ratio to a company's peers in the industry. The ALE value stock report compares ALE to some of its peers using value stock charts. The stock has a market capitalization of $3.66 billion. ALE will post this quarters earnings in days, on 0000-00-00.