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.
A number of analysts gave price targets for FL. The highest price target was 81, implying potential capital gains of 76.01 percent. The minimum price target given was 60, which equates to a potential downside of 30.38 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 downwards by an average of -1.61 percent. The average change in earnings estimates over the last 90 days is -12.02 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.68 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.4 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 3 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, 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 that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of FL is 5.44.
In the trailing 52-weeks, FL hit 79.43 at the highest peak, while it's lowest trading point was 44.59. Currently the stock is 3.21 percent higher than its low, and 42.06 percent lower than its 52-week high. FL has a P/E 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 market cap of FL is $6.2 billion. FL is estimated to release their earnings results for the quarter on 0000-00-00, days from today.