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.

Several price targets were given for ONB by the analysts covering the stock. The highest price target was 19, implying potential capital gains of 16.39 percent. The minimum price target given was 17, implying a possible loss of 4.13 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 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.48 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.48 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their 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 decreased their estimates.

The growth rate of ONB's earnings is estimated by analysts to be 0.19 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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. The PEG ratio of ONB is 81.42.

In the last 52-weeks, ONB has achieved a high of 18.95 and a low of 12.93. The current market price is above the trailing year's low by 26.26 percent, and below the high by 13.85 percent. ONB has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.