Analyst Ratings for Old National Bancorp (ONB)

Updated: 2017-07-27

An average rating of Hold has been given to Old National Bancorp (NASDAQ:ONB) by analysts covering the stock. A consensus rating of Hold was previously issued for ONB last month.

A buy rating was issued by 1 analysts, 0 gave an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for ONB. The most optimistic analyst gave a price target of 19, implying a possible profit of 16.39 percent. The lowest price target was 17, implying a possible loss of 4.13 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.48 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.48 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

ONB has an estimated earnings growth rate of 0.19 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. ONB has a PEG ratio of 81.42.

ONB has a 52-week high of 18.95 and a 52-week low of 12.93. The current market price is above the trailing year's low by 26.26 percent, and 13.85 percent below the high. ONB has a P/E ratio of 15.47. Investors typically compare the P/E ratio to a company's peers in the industry. The ONB value stock report compares ONB to some of its peers using value stock charts. The market cap of ONB is $2.22 billion. ONB will post this quarters earnings in days, on 0000-00-00.