Analyst Ratings for CVB Financial Corp. (CVBF)Updated: 2017-07-27
An average rating of Hold has been given to CVB Financial Corp. (NASDAQ:CVBF) by analysts covering the stock. A consensus rating of Hold was previously issued for CVBF last month.
Of the 8 analysts covering the stock, 0 gave it a buy rating, 0 issued an overweight rating, 8 issued a hold rating, 0 gave 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 decrease of 1 in the number of analysts with a negative outlook on the stock.
CVBF was given price targets by several analysts. The maximum price target given was 23, implying potential capital gains of 5.36 percent. The minimum price target given was 21, implying a possible loss of -3.8 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.93 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.93 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 4 analysts made negative revisions to their fiscal year's estimates.
The growth rate of CVBF's earnings is estimated by analysts to be 6.9 percent. Another measure frequently examined by investors is the PEG ratio. 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, though it could be better to see where the ratio stands relative to peers in the industry. CVBF has a PEG ratio of 3.14.
CVBF has traded between a high of 24.63 and a low of 16.11 over the past year. Today's price is 35.51 percent above the 52-week low, and 11.37 percent lower than its 52-week high. CVBF has a price/earnings ratio of 21.68. Investors typically compare the P/E ratio to a company's peers in the industry. The CVBF value stock report compares CVBF to some of its peers using value stock charts. The stock has a market capitalization of $2.38 billion. CVBF is estimated to release their earnings results for the quarter on 0000-00-00, days from today.