Analyst Ratings for El Paso Electric Co. (EE)

Updated: 2017-07-27

An average rating of Hold has been given to El Paso Electric Co. (NYSE:EE) by analysts covering the stock. EE had previously received a consensus rating of Hold a month ago.

1 analysts declared EE a buy, 0 gave an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for EE. The highest price target was 57, which equates to a potential upside of 9.72 percent. The most pessimistic price target was 52, which equates to a potential downside of 0.1 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 11.94 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 7.34 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.8 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of EE to grow at a rate of 2.59 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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. EE has a PEG ratio of 8.27.

EE has a 52-week high of 55.45 and a 52-week low of 42.49. The current market price is above the trailing year's low by 22.26 percent, and 6.31 percent lower than its 52-week high. EE has a price/earnings ratio of 21.42. Investors typically compare the P/E ratio to a company's peers in the industry. The EE value stock report compares EE to some of its peers using value stock charts. The stock has a market capitalization of $2.11 billion. EE's next earnings release will be on 0000-00-00, which is days away.