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.
A number of analysts gave price targets for EWBC. The maximum price target given 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. 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.76 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.81 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 8 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of EWBC to grow at a rate of -0.43 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, 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 trailing 52-weeks, EWBC hit 60.42 at the highest peak, while it's lowest trading point was 33.02. The current market price is above the trailing year's low by 72.8 percent, and 5.56 percent lower than its 52-week 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 market cap of EWBC is $8.24 billion. EWBC will post this quarters earnings in days, on 0000-00-00.