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.
Several price targets were given for SRCE by the analysts covering the stock. The most optimistic analyst gave a price target of 53.5, implying a possible profit of 9.83 percent. The minimum price target given was 47, implying potential capital losses of -3.51 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of SRCE's earnings is estimated by analysts to be 5.49 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, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. SRCE has a PEG ratio of 3.71.
In the last 52-weeks, SRCE has achieved a high of 50.78 and a low of 33.27. Today's price is 46.41 percent above the 52-week low, and 4.08 percent below the high. 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 stock has a market capitalization of $1.26 billion. SRCE's next earnings release will be on 0000-00-00, which is days away.