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 maximum price target given was 71, implying a possible profit of 20.01 percent. The minimum price target given was 48, implying a possible loss of -18.86 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -0.89 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -3.48 percent. 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their 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. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 lower than its 52-week high. ORA has a P/E 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's next earnings release will be on 0000-00-00, which is days away.