Analyst Ratings for Ameris Bancorp (ABCB)Updated: 2017-07-27
Shares of Ameris Bancorp (NASDAQ:ABCB) have received a consensus rating of Overweight from Wall Street analysts. ABCB had previously received a consensus rating of Overweight a month ago.
6 analysts issued ratings on the stock, where 2 gave ABCB a buy rating, 0 gave an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for ABCB. The most optimistic price target was 55, which equates to a potential upside of 19.18 percent. The most pessimistic price target was 47.5, implying a possible loss of 2.93 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -3.62 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.62 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -2.31 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.12 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
ABCB has an estimated earnings growth rate of 9.13 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. ABCB has a PEG ratio of 2.16.
In the last 52-weeks, ABCB has achieved a high of 51.28 and a low of 32.35. Currently the stock is 42.66 percent higher than its low, and below the high by 10 percent. ABCB has a price/earnings ratio of 19.72. Investors typically compare the P/E ratio to a company's peers in the industry. The ABCB value stock report compares ABCB to some of its peers using value stock charts. The market cap of ABCB is $1.71 billion. ABCB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.