Analyst Ratings for Fabrinet (FN)Updated: 2017-07-27
Shares of Fabrinet (NYSE:FN) have received a consensus rating of Buy from Wall Street analysts. FN had previously received a consensus rating of Buy a month ago.
Of the 6 analysts covering the stock, 6 gave it a buy rating, 0 gave an overweight rating, 0 issued a hold rating, 0 issued 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 FN. The maximum price target given was 60, implying potential capital gains of 33.81 percent. The most pessimistic analyst gave a price target of 44.75, implying potential capital losses of -0.2 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. The average change in earnings estimates over the last 90 days is -9.22 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.38 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of FN's earnings is estimated by analysts to be 25.1 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. FN has a PEG ratio of 0.75.
In the trailing 52-weeks, FN hit 49.63 at the highest peak, while it's lowest trading point was 31.97. Currently the stock is 40.26 percent higher than its low, and 9.65 percent lower than its 52-week high. FN has a P/E ratio of 18.84. Investors typically compare the P/E ratio to a company's peers in the industry. The FN value stock report compares FN to some of its peers using value stock charts. The market cap of FN is $1.72 billion. FN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.