Analyst Ratings for Plantronics Inc. (PLT)Updated: 2017-07-27
Analysts covering Plantronics Inc. (NYSE:PLT) have given it a consensus rating of Overweight. About 30 days ago, PLT was issued an average rating of Overweight.
6 analysts issued ratings on the stock, where 3 gave PLT a buy rating, 0 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for PLT by the analysts covering the stock. The most optimistic analyst gave a price target of 63, implying potential capital gains of 17.36 percent. The most pessimistic price target was 51, which equates to a potential downside of -4.99 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -13.95 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -8.11 percent.
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, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
The growth rate of PLT's earnings is estimated by analysts to be -4.4 percent. The PEG ratio of a stock is another value frequently studied by investors. 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. PLT has a PEG ratio of -4.84.
In the trailing 52-weeks, PLT hit 58.27 at the highest peak, while it's lowest trading point was 44.33. Currently the stock is 21.09 percent higher than its low, and 7.88 percent lower than its 52-week high. PLT has a price/earnings ratio of 21.28. Investors typically compare the P/E ratio to a company's peers in the industry. The PLT value stock report compares PLT to some of its peers using value stock charts. The stock has a market capitalization of $1.81 billion. PLT's next earnings release will be on 0000-00-00, which is days away.