Sunrun Inc. (RUN) Traders Should Start Listening to Analysts

Sunrun Inc. (RUN) shares saw a recent bid of $4.93 and 983.94TH shares have exchanged hands in the recent trading session, yielding a -2.18% decline over the past week. The stock price decreased -1.79% or $0.09 versus $5.02 at the end of the prior session. This change led market cap to move at $520.81M, putting the price -32.83% below the 52-week high and 18.80% above the 52-week low. The company’s stock has a normal trading capacity of 1.10M shares while the relative volume is 0.90.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $9.11 while $12.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $2.89 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $6.00, which would be an increase of about 22% of its current value. The mean target of $9.00 should be compared with the price when the stock was languishing around $4.15 a share. And it remains to be seen which target price RUN can achieve without sacrificing much as the company is holding a -23.33% fall for the past twelve months.

By historical standards, Sunrun Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 5.80 times earnings, below the average P/E ratio of 15.38 times earnings. For now, Sunrun Inc. is the toast of Wall Street as its ABR stands at 2.00 with 4 out of 11 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Sunrun Inc. has a 18.40% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Sunrun Inc. has far performed well this year, with the share price down -7.16% since January. Over the past 2 quarters, the stock is down -7.33%, compared with a fall of nearly -5.92% for 3 months and about 0.20% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $0.12, smashing the consensus of $0.14 per share. Revenue for the quarter also did not kill consensus, coming in at $104.12M, compared to the consensus of 119.35M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.30. The company is expected to report EPS as high as $0.58 and as low as $0.06 per share. Similarly, full-year EPS forecasts have ranged between $0.33 and $1.93. The mean EPS estimate is $1.09. On the other side, sales forecasts for the current quarter are $145.47M. The stock is expected to report revenue as high as $174.9M and as low as $123.7M per share. Similarly, full-year sales forecasts have ranged between $528M and $640.88M. The mean revenue estimate is $562.72M.

Over the last 5 years, Analysts are expecting EPS growth rates to be at 190.60% this quarter and EPS estimate for next year reflect 30.44% growth rate.

Sell-side analysts also have something to say about this company. UBS raised its rating on Sunrun Inc. to Buy on 22/03/2017 in a reversal from its prior Neutral rating. Barclays raised its rating on Sunrun Inc. to Overweight on 22/11/2016 in a reversal from its prior Equal Weight rating. JMP Securities had a markedly different take on 10/11/2016, proposing that Sunrun Inc. is now considered Mkt Perform versus prior Mkt Outperform rating. BofA/Merrill had a markedly different take on 09/11/2016, proposing that Sunrun Inc. is now considered Neutral versus prior Buy rating.

Sunrun Inc. (RUN) Traders Should Start Listening to Analysts was last modified: June 8th, 2017 by Edward Walker
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