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.
Several price targets were given for CLB by the analysts covering the stock. The highest price target was 140, which equates to a potential upside 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.7 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.01 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.
The growth rate of CLB's earnings is estimated by analysts to be 32.7 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. 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 CLB is 1.9.
CLB has traded between a high of 125.83 and a low of 96.30 over the past year. Today's price is 5.41 percent above the 52-week low, and 19.33 percent below the high. CLB has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.