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 highest price target was 53.5, implying potential capital gains of 9.83 percent. The most pessimistic price target was 47, which equates to a potential downside of -3.51 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 upwards for this quarter, by about 1.59 percent on average, compared to last month. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

SRCE has an estimated earnings growth rate of 5.49 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, 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.

SRCE has traded between a high of 50.78 and a low of 33.27 over the past year. Currently the stock is 46.41 percent higher than its low, and 4.08 percent lower than its 52-week 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 will post this quarters earnings in days, on 0000-00-00.