Analyst Ratings for South State Corp. (SSB)Updated: 2017-07-27
Shares of South State Corp. (NASDAQ:SSB) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, SSB was issued an average rating of Overweight.
7 analysts issued ratings on the stock, where 3 gave SSB a buy rating, 0 issued an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for SSB. The highest price target was 102, which equates to a potential upside of 21.72 percent. The most pessimistic price target was 90, which equates to a potential downside of 7.4 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.46 percent. That number becomes -2.06 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.94 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -4.58 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
SSB has an estimated earnings growth rate of 21.79 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of SSB is 1.
SSB has traded between a high of 93.40 and a low of 69.40 over the past year. Currently the stock is 20.75 percent higher than its low, and 10.28 percent lower than its 52-week high. SSB has a price/earnings ratio of 21.69. Investors typically compare the P/E ratio to a company's peers in the industry. The SSB value stock report compares SSB to some of its peers using value stock charts. The market cap of SSB is $2.44 billion. SSB's next earnings release will be on 0000-00-00, which is days away.