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.
Several price targets were given for RMD by the analysts covering the stock. The maximum price target given was 85.06, implying potential capital gains of 9.73 percent. The lowest price target was 50, implying a possible loss of -35.5 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 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.37 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.01 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.73 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
RMD has an estimated earnings growth rate of 35.87 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of RMD is 0.94.
RMD has a 52-week high of 79.63 and a 52-week low of 56.59. The current market price is above the trailing year's low by 36.99 percent, and below the high by 2.65 percent. 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.