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 most optimistic analyst gave a price target of 60, which equates to a potential upside of 33.81 percent. The most pessimistic price target was 44.75, implying potential capital losses of -0.2 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -9.22 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.38 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of FN to grow at a rate of 25.1 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of FN is 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 below the 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's next earnings release will be on 0000-00-00, which is days away.