Act On Key Analyst Price Target Shifts: Pattern Energy Group Inc. (PEGI), Sea Limited (SE)

You should consider shares of Pattern Energy Group Inc. (NASDAQ:PEGI) and Sea Limited (NYSE:SE) if you are looking for a great stocks to invest in. Starting with the PEGI shares, which traded at $26.75 at the close of the recent session, dropping 0.00%. On Wednesday, the company’s shares shed $0.0 from its value which represented in intraday trading. The stock is now -0.02% lower in year-to-date (YTD) trading. PEGI’s intraday high was $26.78 while its lowest price touched $26.74. The stock’s 52-week high price is $28.50, which means the current price is at -6.14%. In terms of trading activity, the daily trading volume rose to 2412873 against 200-day average trading volume of 1,006,518 shares.

What are analyst forecasts for Pattern Energy Group Inc. (NASDAQ:PEGI)?

At a consensus rating of 2.71, PEGI is trending as a streaking Hold, as it has been the case a month ago when 8 analysts called it a Hold. Two months ago, 8 analysts recommended, on average, that PEGI stock is a Hold. The Utilities company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $26.74 on the day.

Forecasts for Pattern Energy Group Inc. (NASDAQ:PEGI) give the stock a fair value for the growth of 0.0% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $26.75, which means the price per share could fall by nearly $0.0. The price range target is between a low of $26.00 and a high of $27.00. The stock would need to gain by about $0.93 to hit the estimated high or 0.72% from its 12-month low.

The consensus among 9 analysts is that it is a good time for one to Underweight in the Pattern Energy Group Inc. 0 analysts rate PEGI as a Buy, with 4 of 9 analysts rate it as a Sell. 1 have valued the stock as Overweight and 4 have recommended that investors Hold.

Pattern Energy Group Inc. (NASDAQ:PEGI) Upgrades and Downgrades

In terms of rating changes, Wells Fargo on January 09, 2020, Downgrade Pattern Energy Group Inc. (PEGI) at Underweight. They believe the stock could reach $26.75 in the near term. Analysts at RBC Capital Mkts have assigned a Sector Perform rating for the stock in their research note on November 05, 2019. Moreover, Goldman analysts issued a rating of Neutral for the stock on October 17, 2019, giving it a price target of $25 for the next 12 months. On August 14, 2019, the stock earned a Market Perform rating due to an analyst call from Wells Fargo, while analysts from Macquarie on February 04, 2019 suggested that the stock is Underperform.

Sea Limited (NYSE:SE) adds $0.48 on Wednesday

The SE stock has risen 0.50% year-to-date and is currently trading at $40.42, which is -3.30% below its 52-week high. The company shares gained 1.20% on the day and have risen nearly 239.09% off a low hit. At current levels, Sea Limited has a valuation of about $1.68B. As of 01/15/20, this stock has risen 0.65% during the week and closed at $39.94 in the previous session. However, recent Sea Limited stock performance shows that SE shares are 9.84% up over the last month, and 42.93% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.68, with the trailing 12-month share earnings at -$3.74. The ratio is expected to be up by 41.20% for the current year 2019 and 45.70% for next year. But will the SE stock surprise in the current quarter results, where the -$0.41 actual EPS reported on 9/29/2019 surprised by 22.60% or was higher by $0.12 from the estimated -$0.53.

Sales Growth to climb 35.30% for the year

How well will Sea Limited perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $859.7M and $909M in current quarter sales. The consensus estimated for the current quarter is $875.39M from sales. Forecasts for this fiscal year are between $2.87B and $2.93B and the consensus estimate for sales is at $2.89B. SE has its next quarter sales estimates at between $874.71M and $889M, with the quarter-over-quarter growth estimates at 52.60% and the annual growth forecast for the year at 35.30%.

Who owns shares in Sea Limited (SE)?

Let’s briefly focus on the share ownership of the Sea Limited (NYSE:SE) stock, where we find that 67.11% of shares are held by institutions.