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.
Many analysts weighed in on price targets for ABCB. The most optimistic price target was 55, which equates to a potential upside of 19.18 percent. The minimum price target given was 47.5, which equates to a potential downside of 2.93 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates downwards for this quarter, by about -3.62 percent on average, compared to last month. That number becomes -3.62 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.31 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.12 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of ABCB to grow at a rate of 9.13 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. ABCB has a PEG ratio of 2.16.
ABCB has a 52-week high of 51.28 and a 52-week low of 32.35. Today's price is 42.66 percent above the 52-week low, and 10 percent lower than its 52-week high. 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 stock has a market capitalization of $1.71 billion. ABCB will post this quarters earnings in days, on 0000-00-00.