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.

Investment analysts gave a few price targets for ORA. The most optimistic price target was 71, which equates to a potential upside of 20.01 percent. The minimum price target given was 48, which equates to a potential downside of -18.86 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. Over the past 30 days, FY earnings estimates have also changed downwards by -0.86 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.23 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.

ORA has an estimated earnings growth rate of 15.37 percent as forecasted by analysts. 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. 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. ORA has a PEG ratio of 1.93.

In the last 52-weeks, ORA has achieved a high of 61.49 and a low of 44.76. Currently the stock is 32.17 percent higher than its low, and 3.79 percent below the high. 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.