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.
CVG was given price targets by several analysts. The most optimistic analyst gave a price target of 29, which equates to a potential upside of 21.59 percent. The most pessimistic analyst gave a price target of 23.5, which equates to a potential downside of -1.47 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.55 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 0 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.
Analysts estimate earnings of CVG to grow at a rate of 47.36 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. CVG has a PEG ratio of 0.41.
In the trailing 52-weeks, CVG hit 30.92 at the highest peak, while it's lowest trading point was 20.15. The current market price is above the trailing year's low by 18.36 percent, 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 market cap of CVG is $2.26 billion. CVG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.