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.
A number of analysts gave price targets for RNST. The most optimistic price target was 46, implying potential capital gains of 8.08 percent. The minimum price target given was 43, which equates to a potential downside of 1.03 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.52 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -4.14 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.19 percent, as compared to a month ago. 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, while 3 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.
The growth rate of RNST's earnings is estimated by analysts to be 4.73 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 that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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.
RNST has a 52-week high of 45.32 and a 52-week low of 31.56. Today's price is 34.85 percent above the 52-week low, and 6.09 percent lower than its 52-week high. RNST has a price/earnings 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 market cap of RNST is $1.89 billion. RNST is estimated to release their earnings results for the quarter on 0000-00-00, days from today.