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 highest price target was 81, implying potential capital gains of 76.01 percent. The most pessimistic price target was 60, which equates to a potential downside of 30.38 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.61 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -12.02 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.68 percent. If we look at the last 90 days instead, we find a net average change of -3.4 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of FL to grow at a rate of 1.73 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, 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.
In the last 52-weeks, FL has achieved a high of 79.43 and a low of 44.59. The current market price is above the trailing year's low by 3.21 percent, and 42.06 percent lower than its 52-week 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 market cap of FL is $6.2 billion. FL's next earnings release will be on 0000-00-00, which is days away.