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.
Several price targets were given for CVBF by the analysts covering the stock. The most optimistic price target was 23, implying potential capital gains of 5.36 percent. The lowest price target was 21, implying potential capital losses of -3.8 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 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 -0.93 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.93 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 4 analysts decreased their estimates.
CVBF has an estimated earnings growth rate of 6.9 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CVBF is 3.14.
In the last 52-weeks, CVBF has achieved a high of 24.63 and a low of 16.11. The current market price is above the trailing year's low by 35.51 percent, and 11.37 percent lower than its 52-week high. CVBF has a P/E 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.