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.

Many analysts weighed in on price targets for FRC. The most optimistic analyst gave a price target of 119, implying potential capital gains of 19.24 percent. The minimum price target given was 90, which equates to a potential downside of -9.82 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.42 percent. The average change in earnings estimates over the last 90 days is -0.42 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.89 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.89 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 5 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 8 analysts that revised their FY estimates downwards.

The growth rate of FRC's earnings is estimated by analysts to be 8.76 percent. 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. 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. The PEG ratio of FRC is 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 below the high. FRC has a P/E 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 will post this quarters earnings in days, on 0000-00-00.