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 analyst gave a price target of 60, implying potential capital gains of 33.81 percent. The most pessimistic price target was 44.75, implying potential capital losses of -0.2 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.
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, 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, while 0 analysts made negative revisions to their fiscal year's estimates.
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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of FN is 0.75.
FN has traded between a high of 49.63 and a low of 31.97 over the past year. The current market price is above the trailing year's low by 40.26 percent, and below the high by 9.65 percent. 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.