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.
Several price targets were given for SSB by the analysts covering the stock. The most optimistic analyst gave a price target of 102, implying potential capital gains of 21.72 percent. The most pessimistic price target was 90, implying a possible loss of 7.4 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 -2.46 percent. The average change in earnings estimates over the last 90 days is -2.06 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.94 percent. If we look at the last 90 days instead, we find a net average change of -4.58 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of SSB to grow at a rate of 21.79 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. SSB has a PEG ratio of 1.
In the last 52-weeks, SSB has achieved a high of 93.40 and a low of 69.40. Today's price is 20.75 percent above the 52-week 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.