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.
Many analysts weighed in on price targets for PACW. The most optimistic analyst gave a price target of 59, which equates to a potential upside of 23.53 percent. The most pessimistic analyst gave a price target of 49, which equates to a potential downside of 2.6 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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.
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 made negative revisions to their fiscal year's estimates.
The growth rate of PACW's earnings is estimated by analysts to be 0.67 percent. It's possible to gain additional insight about growth valuation of a company by looking at 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of PACW is 24.58.
PACW has a 52-week high of 57.53 and a 52-week low of 40.01. Currently the stock is 19.37 percent higher than its low, 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 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.