Mitel Networks Corp (NASDAQ:MITL) shares traded -2.16% down during most recent session to reach at the closing price of $8.15. The stock exchanged hands 1.09 Million shares versus average trading capacity of 816.55 Million shares, yielding a market cap of $1 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $10 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Mitel Networks Corp (NASDAQ:MITL) high price target of $13 and with a conservative view have low price target of $8.5.
RBC Capital “Downgrades” Mitel Networks Corp (NASDAQ:MITL) in a research note issued to investors on 12/20/16 to Sector Perform with price target of $7.5.
Additionally on 9/27/16 National Bank Financial “Initiates Coverage on” Mitel Networks Corp (NASDAQ:MITL) to Outperform setting price target at $10.5 and on 5/09/14 Canaccord Genuity “Maintained” the stock to Buy at $14. Furthermore on 2/03/14 Cormark Securities “Upgrades” the stock to Top Pick at $12.5.
On the other hand the company has Relative Strength Index (RSI 14) of 55.9 along with Average True Range (ATR 14) of 0.22, Consequently Mitel Networks Corp (NASDAQ:MITL)’s weekly and monthly volatility is 2.59%, 2.63% respectively. The company’s beta value is at 2.66.
In terms of Buy, Sell or Hold recommendations, Mitel Networks Corp (NASDAQ:MITL) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Mitel Networks Corp (NASDAQ:MITL)’s minimum EPS for the current quarter is at $0.11 and can go high up to $0.16. The consensus mean EPS for the current quarter is at $0.14 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.19 earnings per share for the same quarter during last year.
Previously Mitel Networks Corp (NASDAQ:MITL) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company posted an earnings surprise of 12.5%.
While considering growth estimates of the company, it has next quarter growth estimates of 66.7% whereas during current quarter it has -26.3% estimations over growth, comparing to the estimations of 18.3% during current year and 16.9% for next year. Past 5 years growth of Mitel Networks Corp (NASDAQ:MITL) observed at -9.29%, looking forward for the next 5 years it has a strong prediction of 7.3% over growth.
Mitel Networks Corp (NASDAQ:MITL)’s revenue estimates for the current quarter are $241.85 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $249 Million in contradiction of low revenue estimates of $238.6 Million. For the current year the company’s revenue estimates are $955.58 Million compared to low analyst estimates of $946.8 Million and high estimates of $969 Million according to 5 number of analysts.
Currently Mitel Networks Corp (NASDAQ:MITL)’s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 84.8%. However the six-month change in the insider ownership was recorded -72.66%, as well as three-month change in the institutional ownership was recorded 1.97%.
Mitel Networks Corp (NASDAQ:MITL) 52-week high price stands at $8.94 and low price stands at $6.21, its price distance from 52-week high is -8.84% while its distance from 52-week low price is 31.24%. The stock hit its 52-week high on 08/02/17, and 52-week low on 05/08/17.
Mitel Networks Corp (NASDAQ:MITL)’s trailing twelve month revenues are $866 Million, whereas its price to sales ratio for the same period is 1.16. Its book value per share for the most recent quarter is $2.75 while its price to book ratio for the same period is 2.96, as for as the company’s cash per share for the most recent quarter is $0.41, however its price to cash per share ratio for the same period is 19.76. The stock has 5 year expected PEG ratio of 2.86 whereas its trailing twelve month P/E ratio is 20.9.