Analyst Ratings for Veeva Systems Inc. Cl A (VEEV)Updated: 2017-07-28
Shares of Veeva Systems Inc. Cl A (NYSE:VEEV) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for VEEV last month.
8 analysts declared VEEV a buy, 0 gave an overweight rating, 7 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for VEEV. The most optimistic price target was 70, which equates to a potential upside of 10.22 percent. The minimum price target given was 55, which equates to a potential downside of -13.4 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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 10.32 percent. 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 14.49 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
Analysts estimate earnings of VEEV to grow at a rate of -0.07 percent. It's possible to gain additional insight about growth valuation of a company by looking at 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of VEEV is -1380.86.
VEEV has a 52-week high of 68.07 and a 52-week low of 36.55. Currently the stock is 73.76 percent higher than its low, and 6.7 percent lower than its 52-week high. VEEV has a price/earnings ratio of 96.66. Investors typically compare the P/E ratio to a company's peers in the industry. The VEEV value stock report compares VEEV to some of its peers using value stock charts. The stock has a market capitalization of $8.8 billion. VEEV's next earnings release will be on 0000-00-00, which is days away.