Analyst Ratings for Globant S.A. (GLOB)

Updated: 2017-07-27

Globant S.A. (NYSE:GLOB) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for GLOB last month.

6 analysts declared GLOB a buy, 0 issued an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for GLOB by the analysts covering the stock. The most optimistic price target was 49, which equates to a potential upside of 8.29 percent. The most pessimistic analyst gave a price target of 16, implying a possible loss of -64.64 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.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -3.57 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -15.64 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -5.81 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of GLOB to grow at a rate of 4.92 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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. GLOB has a PEG ratio of 8.68.

GLOB has a 52-week high of 47.51 and a 52-week low of 30.90. The current market price is above the trailing year's low by 46.44 percent, and below the high by 4.76 percent. GLOB has a P/E ratio of 42.69. Investors typically compare the P/E ratio to a company's peers in the industry. The GLOB value stock report compares GLOB to some of its peers using value stock charts. The stock has a market capitalization of $1.64 billion. GLOB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.