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.

Many analysts weighed in on price targets for ORA. The maximum price target given was 71, implying a possible profit of 20.01 percent. The most pessimistic analyst gave a price target of 48, implying potential capital losses of -18.86 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 -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. Meanwhile, fiscal year estimates have been revised downwards by -0.86 percent, compared to last month. 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 made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 1 analysts that revised their FY estimates downwards.

Analysts estimate earnings of ORA to grow at a rate of 15.37 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, 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.

ORA has traded between a high of 61.49 and a low of 44.76 over the past year. The current market price is above the trailing year's low by 32.17 percent, and 3.79 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.