Analyst Ratings for Foot Locker Inc. (FL)Updated: 2017-07-28
Analysts covering Foot Locker Inc. (NYSE:FL) have given it a consensus rating of Overweight. Last month, FL received an average rating of Overweight.
24 analysts issued ratings on the stock, where 13 gave FL a buy rating, 1 issued an overweight rating, 10 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 4 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for FL. The maximum price target given was 81, which equates to a potential upside of 76.01 percent. The most pessimistic price target was 60, implying a possible loss of 30.38 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.61 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -12.02 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.68 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.4 percent.
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 3 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.
FL has an estimated earnings growth rate of 1.73 percent as forecasted by analysts. Another measure frequently examined by investors is 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of FL is 5.44.
FL has traded between a high of 79.43 and a low of 44.59 over the past year. The current market price is above the trailing year's low by 3.21 percent, and 42.06 percent below the high. FL has a price/earnings ratio of 9.41. Investors typically compare the P/E ratio to a company's peers in the industry. The FL value stock report compares FL to some of its peers using value stock charts. The stock has a market capitalization of $6.2 billion. FL's next earnings release will be on 0000-00-00, which is days away.