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 most pessimistic price target was 48, implying a possible loss of -18.86 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.89 percent. 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. If we look at the last 90 days instead, we find a net average change of 0.23 percent in FY estimates.

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 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

The growth rate of ORA's earnings is estimated by analysts to be 15.37 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. ORA has a PEG ratio of 1.93.

ORA has traded between a high of 61.49 and a low of 44.76 over the past year. Today's price is 32.17 percent above the 52-week low, and 3.79 percent lower than its 52-week 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 market cap of ORA is $2.93 billion. ORA's next earnings release will be on 0000-00-00, which is days away.