Analyst Ratings for Worthington Industries Inc. (WOR)Updated: 2017-07-27
Shares of Worthington Industries Inc. (NYSE:WOR) have received a consensus rating of Hold from Wall Street analysts. A consensus rating of Hold was previously issued for WOR last month.
4 analysts issued ratings on the stock, where 0 gave WOR a buy rating, 0 issued an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for WOR by the analysts covering the stock. The maximum price target given was 53.5, implying a possible profit of 3.04 percent. The minimum price target given was 47, which equates to a potential downside of -9.48 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 12.62 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 15.3 percent in FY estimates.
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 0 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of WOR to grow at a rate of 5.93 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, 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 WOR is 2.77.
In the trailing 52-weeks, WOR hit 62.44 at the highest peak, while it's lowest trading point was 39.28. Today's price is 32.18 percent above the 52-week low, and 16.85 percent below the high. WOR has a price/earnings ratio of 16.43. Investors typically compare the P/E ratio to a company's peers in the industry. The WOR value stock report compares WOR to some of its peers using value stock charts. The stock has a market capitalization of $3.27 billion. WOR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.