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.
A number of analysts gave price targets for ALE. The highest price target was 78, which equates to a potential upside of 7.9 percent. The most pessimistic price target was 65, implying potential capital losses of -10.08 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.93 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of ALE to grow at a rate of 9.2 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, 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.
ALE has a 52-week high of 74.59 and a 52-week low of 56.48. Today's price is 27.99 percent above the 52-week low, and 3.08 percent lower than its 52-week 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 market cap of ALE is $3.66 billion. ALE's next earnings release will be on 0000-00-00, which is days away.