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.
Investment analysts gave a few price targets for ALE. The most optimistic analyst gave a price target of 78, implying a possible profit of 7.9 percent. The lowest price target was 65, implying a possible loss of -10.08 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. 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.
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, which can be compared to the 0 analysts that decreased their estimates. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
ALE has an estimated earnings growth rate of 9.2 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. The current market price is above the trailing year's low by 27.99 percent, and 3.08 percent lower than its 52-week high. 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 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.