Analyst Ratings for Convergys Corp. (CVG)Updated: 2017-07-29
Convergys Corp. (NYSE:CVG) was awarded an average rating of Overweight from investment analysts following the stock. About 30 days ago, CVG was issued an average rating of Overweight.
Of the 6 analysts covering the stock, 1 gave it a buy rating, 1 gave an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for CVG. The most optimistic analyst gave a price target of 29, implying potential capital gains of 21.59 percent. The most pessimistic analyst gave a price target of 23.5, implying potential capital losses of -1.47 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -5.95 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.55 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
The growth rate of CVG's earnings is estimated by analysts to be 47.36 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. CVG has a PEG ratio of 0.41.
CVG has a 52-week high of 30.92 and a 52-week low of 20.15. Currently the stock is 18.36 percent higher than its low, and 22.87 percent lower than its 52-week high. CVG has a price/earnings ratio of 19.26. Investors typically compare the P/E ratio to a company's peers in the industry. The CVG value stock report compares CVG to some of its peers using value stock charts. The stock has a market capitalization of $2.26 billion. CVG will post this quarters earnings in days, on 0000-00-00.