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.
FN was given price targets by several analysts. The most optimistic price target was 60, which equates to a potential upside of 33.81 percent. The minimum price target given was 44.75, implying a possible loss of -0.2 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's 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. A lower PEG ratio is favorable, 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. FN has a PEG ratio of 0.75.
In the last 52-weeks, FN has achieved a high of 49.63 and a low of 31.97. Currently the stock is 40.26 percent higher than its 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 stock has a market capitalization of $1.72 billion. FN will post this quarters earnings in days, on 0000-00-00.