Analyst Ratings for Renasant Corp. (RNST)Updated: 2017-07-27
Renasant Corp. (NASDAQ:RNST) was awarded an average rating of Hold from investment analysts following the stock. A consensus rating of Hold was previously issued for RNST last month.
A buy rating was issued by 0 analysts, 1 gave an overweight rating, 7 gave 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. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for RNST by the analysts covering the stock. The maximum price target given was 46, implying potential capital gains of 8.08 percent. The minimum price target given was 43, implying potential capital losses of 1.03 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 -2.52 percent. That number becomes -4.14 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.19 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.19 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 3 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.
The growth rate of RNST's earnings is estimated by analysts to be 4.73 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. RNST has a PEG ratio of 4.07.
In the trailing 52-weeks, RNST hit 45.32 at the highest peak, while it's lowest trading point was 31.56. Today's price is 34.85 percent above the 52-week low, and below the high by 6.09 percent. RNST has a P/E ratio of 19.26. Investors typically compare the P/E ratio to a company's peers in the industry. The RNST value stock report compares RNST to some of its peers using value stock charts. The stock has a market capitalization of $1.89 billion. RNST's next earnings release will be on 0000-00-00, which is days away.