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.
GLOB was given price targets by several analysts. The most optimistic price target was 49, implying a possible profit of 8.29 percent. The most pessimistic price target was 16, which equates to a potential downside of -64.64 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 downwards by an average of -3.57 percent. The average change in earnings estimates over the last 90 days is -15.64 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.81 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 2 analysts made negative revisions. 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.
GLOB has an estimated earnings growth rate of 4.92 percent as forecasted by analysts. People on Wall Street often look at a company's 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. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. GLOB has a PEG ratio of 8.68.
In the last 52-weeks, GLOB has achieved a high of 47.51 and a low of 30.90. Today's price is 46.44 percent above the 52-week low, 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 market cap of GLOB is $1.64 billion. GLOB will post this quarters earnings in days, on 0000-00-00.