Analyst Ratings for PacWest Bancorp (PACW)Updated: 2017-07-28
Shares of PacWest Bancorp (NASDAQ:PACW) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for PACW last month.
12 analysts issued ratings on the stock, where 8 gave PACW a buy rating, 0 issued an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
PACW was given price targets by several analysts. The most optimistic analyst gave a price target of 59, implying potential capital gains of 23.53 percent. The most pessimistic analyst gave a price target of 49, implying potential capital losses of 2.6 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 1.33 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.67 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 2.8 percent. If we look at the last 90 days instead, we find a net average change of 2.09 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 3 analysts that decreased their estimates. During this time, 7 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
Analysts estimate earnings of PACW to grow at a rate of 0.67 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. PACW has a PEG ratio of 24.58.
PACW has traded between a high of 57.53 and a low of 40.01 over the past year. The current market price is above the trailing year's low by 19.37 percent, and 16.98 percent below the high. PACW has a P/E ratio of 16.47. Investors typically compare the P/E ratio to a company's peers in the industry. The PACW value stock report compares PACW to some of its peers using value stock charts. The stock has a market capitalization of $5.87 billion. PACW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.