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 most optimistic analyst gave a price target of 78, implying a possible profit of 7.9 percent. The most pessimistic price target was 65, implying a possible loss of -10.08 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.93 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 3.74 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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, while 0 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of ALE's earnings is estimated by analysts to be 9.2 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ALE is 2.48.
ALE has traded between a high of 74.59 and a low of 56.48 over the past year. The current market price is above the trailing year's low by 27.99 percent, and below the high by 3.08 percent. ALE has a price/earnings 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 market cap of ALE is $3.66 billion. ALE will post this quarters earnings in days, on 0000-00-00.