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.
Many analysts weighed in on price targets for SSB. The maximum price target given was 102, implying a possible profit of 21.72 percent. The most pessimistic analyst gave a price target of 90, which equates to a potential downside of 7.4 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -4.58 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, 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. 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, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. SSB has a PEG ratio of 1.
SSB has a 52-week high of 93.40 and a 52-week low of 69.40. Currently the stock is 20.75 percent higher than its low, and below the high by 10.28 percent. SSB has a P/E 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 stock has a market capitalization of $2.44 billion. SSB will post this quarters earnings in days, on 0000-00-00.