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 lowest price target was 23.5, implying a possible loss 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. That number becomes -5.95 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 upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.55 percent.
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 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of CVG to grow at a rate of 47.36 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CVG is 0.41.
In the trailing 52-weeks, CVG hit 30.92 at the highest peak, while it's lowest trading point was 20.15. Today's price is 18.36 percent above the 52-week low, and 22.87 percent lower than its 52-week high. CVG has a P/E 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.