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.

Investment analysts gave a few price targets for RMD. The maximum price target given was 85.06, which equates to a potential upside of 9.73 percent. The lowest price target was 50, implying potential capital losses of -35.5 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 0 percent. The average change in earnings estimates over the last 90 days is -1.37 percent. 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.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of RMD to grow at a rate of 35.87 percent. Another measure frequently examined by investors is the 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 36.99 percent above the 52-week low, and 2.65 percent below the high. RMD has a P/E 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's next earnings release will be on 0000-00-00, which is days away.