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 highest price target was 68, which equates to a potential upside of 19.17 percent. The minimum price target given was 57, which equates to a potential downside of -0.11 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.76 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.76 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.4 percent. If we look at the last 90 days instead, we find a net average change of 1.81 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 8 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 6 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of EWBC's earnings is estimated by analysts to be -0.43 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of EWBC is -38.02.
In the last 52-weeks, EWBC has achieved a high of 60.42 and a low of 33.02. The current market price is above the trailing year's low by 72.8 percent, 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.