Analyst Ratings for First Republic Bank (FRC)

Updated: 2017-07-29

Analysts covering First Republic Bank (NYSE:FRC) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for FRC last month.

Of the 21 analysts covering the stock, 7 gave it a buy rating, 2 issued an overweight rating, 12 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for FRC by the analysts covering the stock. The maximum price target given was 119, implying a possible profit of 19.24 percent. The most pessimistic analyst gave a price target of 90, implying potential capital losses of -9.82 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.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.42 percent. That number becomes -0.42 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.89 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.89 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 5 analysts increased their quarterly estimates, which can be compared to the 5 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 8 analysts made negative revisions to their fiscal year's estimates.

FRC has an estimated earnings growth rate of 8.76 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. FRC has a PEG ratio of 2.78.

In the last 52-weeks, FRC has achieved a high of 104.17 and a low of 70.46. Currently the stock is 41.64 percent higher than its low, and 4.2 percent lower than its 52-week high. FRC has a price/earnings ratio of 24.34. Investors typically compare the P/E ratio to a company's peers in the industry. The FRC value stock report compares FRC to some of its peers using value stock charts. The market cap of FRC is $15.46 billion. FRC's next earnings release will be on 0000-00-00, which is days away.