East West Bancorp PT Raised to $34.00 (EWBC)
Equities research analysts at RBC Capital increased their price target on shares of East West Bancorp (NASDAQ:EWBC) from $32.00 to $34.00 in a research note issued to investors on Sunday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 12.10% from the company’s current price.
EWBC has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of East West Bancorp (NASDAQ:EWBC) from $33.00 to $34.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of East West Bancorp (NASDAQ:EWBC) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $34.30 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of East West Bancorp (NASDAQ:EWBC) from $33.00 to $35.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock.
Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $31.30.
East West Bancorp (NASDAQ:EWBC) opened at 30.33 on Friday. East West Bancorp has a one year low of $19.68 and a one year high of $31.97. The stock’s 50-day moving average is $30. and its 200-day moving average is $27.37. The company has a market cap of $4.153 billion and a P/E ratio of 15.19.
East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.02. During the same quarter in the prior year, the company posted $0.47 earnings per share. Analysts expect that East West Bancorp will post $2.10 EPS for the current fiscal year.
East West Bancorp, Inc (NASDAQ:EWBC) is a bank holding company.
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