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.
EWBC was given price targets by several analysts. The most optimistic price target was 68, implying potential capital gains of 19.17 percent. The most pessimistic analyst gave a price target of 57, which equates to a potential downside of -0.11 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 1.76 percent. The average change in earnings estimates over the last 90 days is 1.76 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.4 percent, compared to last month. 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 made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 6 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of EWBC to grow at a rate of -0.43 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. 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. Today's price is 72.8 percent above the 52-week low, 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.