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.
Several price targets were given for PACW by the analysts covering the stock. The most optimistic analyst gave a price target of 59, which equates to a potential upside of 23.53 percent. The minimum price target given was 49, implying a possible loss of 2.6 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 1.33 percent. That number becomes 0.67 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. Over the same time period, 7 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
PACW has an estimated earnings growth rate of 0.67 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. 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. 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. 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. Today's price is 19.37 percent above the 52-week low, and 16.98 percent below the 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 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.