Analyst Ratings for East West Bancorp Inc. (EWBC)Updated: 2017-07-28
An average rating of Overweight has been given to East West Bancorp Inc. (NASDAQ:EWBC) by analysts covering the stock. EWBC had previously received a consensus rating of Overweight a month ago.
14 analysts issued ratings on the stock, where 7 gave EWBC a buy rating, 1 issued an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for EWBC. The most optimistic analyst gave a price target of 68, which equates to a potential upside of 19.17 percent. The most pessimistic analyst gave a price target of 57, which equates to a potential downside of -0.11 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.76 percent on average, compared to last month. That number becomes 1.76 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 upwards by 1.4 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.81 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 8 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 6 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of EWBC's earnings is estimated by analysts to be -0.43 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. EWBC has a PEG ratio of -38.02.
In the trailing 52-weeks, EWBC hit 60.42 at the highest peak, while it's lowest trading point was 33.02. Today's price is 72.8 percent above the 52-week low, and 5.56 percent below the high. EWBC has a P/E ratio of 16.35. Investors typically compare the P/E ratio to a company's peers in the industry. The EWBC value stock report compares EWBC to some of its peers using value stock charts. The stock has a market capitalization of $8.24 billion. EWBC will post this quarters earnings in days, on 0000-00-00.