East West Bancorp Price Target Increased to $36.00 by Analysts at Raymond James (EWBC)
Raymond James raised their price target on shares of East West Bancorp (NASDAQ:EWBC) from $34.00 to $36.00 in a research note issued on Tuesday, ARN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 11.56% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of East West Bancorp from $32.00 to $34.00 in a research note to investors on Sunday, September 22nd. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of East West Bancorp 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 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $31.48.
East West Bancorp (NASDAQ:EWBC) traded up 0.06% during mid-day trading on Tuesday, hitting $32.27. The stock had a trading volume of 1,041,524 shares. East West Bancorp has a one year low of $19.68 and a one year high of $33.01. The stock has a 50-day moving average of $30.63 and a 200-day moving average of $27.9. The company has a market cap of $4.418 billion and a price-to-earnings ratio of 16.15.
East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Wednesday, July 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, analysts predict that East West Bancorp will post $2.10 earnings per share for the current fiscal year.
East West Bancorp, Inc (NASDAQ:EWBC) is a bank holding company.
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