Analyst Ratings for 1st Source Corp. (SRCE)Updated: 2017-07-27
1st Source Corp. (NASDAQ:SRCE) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for SRCE last month.
Of the 4 analysts covering the stock, 1 gave it a buy rating, 0 issued an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
SRCE was given price targets by several analysts. The most optimistic price target was 53.5, implying potential capital gains of 9.83 percent. The lowest price target was 47, which equates to a potential downside of -3.51 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 1.59 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.59 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of SRCE to grow at a rate of 5.49 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SRCE is 3.71.
In the trailing 52-weeks, SRCE hit 50.78 at the highest peak, while it's lowest trading point was 33.27. Currently the stock is 46.41 percent higher than its low, and below the high by 4.08 percent. SRCE has a P/E ratio of 20.38. Investors typically compare the P/E ratio to a company's peers in the industry. The SRCE value stock report compares SRCE to some of its peers using value stock charts. The market cap of SRCE is $1.26 billion. SRCE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.