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.
Investment analysts gave a few price targets for RNST. The highest price target was 46, implying a possible profit of 8.08 percent. The most pessimistic price target was 43, which equates to a potential downside of 1.03 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. Meanwhile, fiscal year estimates have been revised downwards by -0.19 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.19 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their 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. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
RNST has an estimated earnings growth rate of 4.73 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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 traded between a high of 45.32 and a low of 31.56 over the past year. The current market price is above the trailing year's low by 34.85 percent, and below the high by 6.09 percent. 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.