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.
Several price targets were given for FN by the analysts covering the stock. The most optimistic price target was 60, implying potential capital gains of 33.81 percent. The minimum price target given was 44.75, implying potential capital losses of -0.2 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -9.22 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.38 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
FN has an estimated earnings growth rate of 25.1 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Today's price is 40.26 percent above the 52-week low, and below the high by 9.65 percent. FN has a price/earnings 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.