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.
Several price targets were given for ALE by the analysts covering the stock. The highest price target was 78, implying potential capital gains of 7.9 percent. The most pessimistic price target was 65, implying potential capital losses of -10.08 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. 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.
Another thing investors often look at is the level of agreement among analysts' 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, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ALE to grow at a rate of 9.2 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 3.08 percent below the high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.