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 analyst gave a price target of 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. The average change in earnings estimates over the last 90 days 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 made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.
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. Investors like to see smaller values for the PEG ratio, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ABCB is 2.16.
In the trailing 52-weeks, ABCB hit 51.28 at the highest peak, while it's lowest trading point was 32.35. Today's price is 42.66 percent above the 52-week low, and below the high by 10 percent. 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's next earnings release will be on 0000-00-00, which is days away.