Analyst Ratings for WGL Holdings Inc. (WGL)Updated: 2017-07-26
WGL Holdings Inc. (NYSE:WGL) was awarded an average rating of Hold from investment analysts following the stock. WGL had previously received a consensus rating of Hold a month ago.
Of the 8 analysts covering the stock, 1 gave it a buy rating, 0 gave an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for WGL. The most optimistic price target was 88.25, implying potential capital gains of 3.56 percent. The lowest price target was 71, implying a possible loss of -16.69 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 -2 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -30.42 percent. 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 -7.97 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 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
WGL has an estimated earnings growth rate of -4.63 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. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of WGL is -5.43.
WGL has traded between a high of 85.95 and a low of 58.66 over the past year. Currently the stock is 45.28 percent higher than its low, and 0.85 percent below the high. WGL has a P/E ratio of 25.14. Investors typically compare the P/E ratio to a company's peers in the industry. The WGL value stock report compares WGL to some of its peers using value stock charts. The stock has a market capitalization of $4.37 billion. WGL is estimated to release their earnings results for the quarter on 0000-00-00, days from today.