Analyst Ratings for Ormat Technologies Inc. (ORA)

Updated: 2017-07-27

Shares of Ormat Technologies Inc. (NYSE:ORA) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for ORA last month.

4 analysts declared ORA a buy, 0 issued an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Several price targets were given for ORA by the analysts covering the stock. The highest price target was 71, which equates to a potential upside of 20.01 percent. The lowest price target was 48, implying a possible loss of -18.86 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.89 percent. That number becomes -3.48 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 downwards by -0.86 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.23 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.

ORA has an estimated earnings growth rate of 15.37 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ORA is 1.93.

In the last 52-weeks, ORA has achieved a high of 61.49 and a low of 44.76. The current market price is above the trailing year's low by 32.17 percent, and below the high by 3.79 percent. ORA has a price/earnings ratio of 29.73. Investors typically compare the P/E ratio to a company's peers in the industry. The ORA value stock report compares ORA to some of its peers using value stock charts. The stock has a market capitalization of $2.93 billion. ORA will post this quarters earnings in days, on 0000-00-00.