Analyst Ratings for Core Laboratories N.V. (CLB)Updated: 2017-07-28
Analysts covering Core Laboratories N.V. (NYSE:CLB) have given it a consensus rating of Overweight. About 30 days ago, CLB was issued an average rating of Overweight.
19 analysts issued ratings on the stock, where 7 gave CLB a buy rating, 1 gave an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
Investment analysts gave a few price targets for CLB. The most optimistic analyst gave a price target of 140, implying a possible profit of 37.92 percent. The most pessimistic price target was 100, which equates to a potential downside of -1.49 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.5 percent. That number becomes -1.71 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 downwards by -0.7 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.01 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of CLB to grow at a rate of 32.7 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CLB is 1.9.
In the trailing 52-weeks, CLB hit 125.83 at the highest peak, while it's lowest trading point was 96.30. Currently the stock is 5.41 percent higher than its low, and 19.33 percent lower than its 52-week high. CLB has a P/E ratio of 62.01. Investors typically compare the P/E ratio to a company's peers in the industry. The CLB value stock report compares CLB to some of its peers using value stock charts. The market cap of CLB is $4.34 billion. CLB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.