Analyst Ratings for Parkway Inc. (PKY)Updated: 2017-07-29
Analysts covering Parkway Inc. (NYSE:PKY) have given it a consensus rating of Hold. A consensus rating of Overweight was previously issued for PKY last month.
0 analysts declared PKY a buy, 0 issued an overweight rating, 5 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
PKY was given price targets by several analysts. The most optimistic price target was 24.5, implying potential capital gains of 6.94 percent. The lowest price target was 23, which equates to a potential downside of 0.39 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.35 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 15.27 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.62 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 20.34 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 1 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
PKY has traded between a high of 26.20 and a low of 16.39 over the past year. The current market price is above the trailing year's low by 39.78 percent, and 12.56 percent lower than its 52-week high. PKY has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PKY value stock report compares PKY to some of its peers using value stock charts. The market cap of PKY is $1.13 billion. PKY's next earnings release will be on 0000-00-00, which is days away.