Beyond The Numbers: 6 Analysts Discuss Traeger Stock
In the preceding three months, 6 analysts have released ratings for Traeger (NYSE:COOK), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $4.0, a high estimate of $5.00, and a low estimate of $2.50. Highlighting a 13.04% decrease, the current average has fallen from the previous average price target of $4.60.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Traeger is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $4.50 | $4.50 |
| Peter Keith | Piper Sandler | Lowers | Neutral | $3.50 | $5.00 |
| Peter Benedict | Baird | Lowers | Neutral | $2.50 | $3.50 |
| Joseph Feldman | Telsey Advisory Group | Lowers | Outperform | $4.50 | $5.00 |
| Brian McNamara | Canaccord Genuity | Lowers | Buy | $4.00 | $5.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $5.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Traeger. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Traeger compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Traeger's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Traeger's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
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Get to Know Traeger Better
Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grilling accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.
Key Indicators: Traeger's Financial Health
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Traeger's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 18.35%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Traeger's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -14.71%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Traeger's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -7.97%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Traeger's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.83%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Traeger's debt-to-equity ratio stands notably higher than the industry average, reaching 1.57. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.