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 analyst gave a price target of 55, which equates to a potential upside of 19.18 percent. The minimum price target given was 47.5, implying a possible loss of 2.93 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -3.62 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -3.62 percent. 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.
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.
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. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ABCB is 2.16.
ABCB has traded between a high of 51.28 and a low of 32.35 over the past year. Today's price is 42.66 percent above the 52-week low, and 10 percent lower than its 52-week high. ABCB has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.