Analyst Ratings for ResMed Inc. (RMD)Updated: 2017-07-27
An average rating of Hold has been given to ResMed Inc. (NYSE:RMD) by analysts covering the stock. RMD had previously received a consensus rating of Hold a month ago.
19 analysts issued ratings on the stock, where 7 gave RMD a buy rating, 0 issued an overweight rating, 7 gave a hold rating, 2 gave an underweight rating, and 3 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has decreased by 1.
Many analysts weighed in on price targets for RMD. The most optimistic price target was 85.06, implying potential capital gains of 9.73 percent. The most pessimistic analyst gave a price target of 50, implying a possible loss of -35.5 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -1.37 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 -0.01 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.73 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, while 2 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of RMD to grow at a rate of 35.87 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of RMD is 0.94.
RMD has traded between a high of 79.63 and a low of 56.59 over the past year. The current market price is above the trailing year's low by 36.99 percent, and 2.65 percent below the high. RMD has a price/earnings ratio of 33.86. Investors typically compare the P/E ratio to a company's peers in the industry. The RMD value stock report compares RMD to some of its peers using value stock charts. The stock has a market capitalization of $11.01 billion. RMD will post this quarters earnings in days, on 0000-00-00.