Analyst Ratings for Spirit Realty Capital Inc. (SRC)Updated: 2017-07-28
Spirit Realty Capital Inc. (NYSE:SRC) was awarded an average rating of Hold from investment analysts following the stock. SRC had previously received a consensus rating of Hold a month ago.
16 analysts issued ratings on the stock, where 3 gave SRC a buy rating, 1 issued an overweight rating, 10 gave a hold rating, 2 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 8. During this time, the number of analysts bearish on the stock has increased by 1.
A number of analysts gave price targets for SRC. The maximum price target given was 10, which equates to a potential upside of 27.06 percent. The most pessimistic price target was 6.5, which equates to a potential downside of -17.41 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. That number becomes -10.8 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -19.12 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. 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.
The growth rate of SRC's earnings is estimated by analysts to be 1185.87 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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. SRC has a PEG ratio of 0.11.
SRC has traded between a high of 13.97 and a low of 6.64 over the past year. The current market price is above the trailing year's low by 18.52 percent, and 43.66 percent lower than its 52-week high. SRC has a price/earnings ratio of 129.23. Investors typically compare the P/E ratio to a company's peers in the industry. The SRC value stock report compares SRC to some of its peers using value stock charts. The stock has a market capitalization of $3.87 billion. SRC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.