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.
Investment analysts gave a few price targets for PACW. The most optimistic price target was 59, implying a possible profit of 23.53 percent. The most pessimistic analyst gave a price target of 49, implying a possible loss of 2.6 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.33 percent. That number becomes 0.67 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 2.8 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.09 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. Also over the last month, 7 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
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. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 lower than its 52-week high. PACW has a price/earnings 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 market cap of PACW is $5.87 billion. PACW's next earnings release will be on 0000-00-00, which is days away.