People’s United Financial Upgraded to Neutral by Ned Davis Research (PBCT)
People’s United Financial (NASDAQ:PBCT) was upgraded by research analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a report released on Monday, AnalystRatingsNetwork.com reports.
Shares of People’s United Financial (NASDAQ:PBCT) traded down 0.13% during mid-day trading on Monday, hitting $15.36. 1,870,276 shares of the company’s stock traded hands. People’s United Financial has a one year low of $12.22 and a one year high of $15.70. The stock has a 50-day moving average of $14.94 and a 200-day moving average of $14.78. The company has a market cap of $4.727 billion and a price-to-earnings ratio of 21.07.
People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.01. During the same quarter in the prior year, the company posted $0.18 earnings per share. Analysts expect that People’s United Financial will post $0.76 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of People’s United Financial in a research note to investors on Friday, November 15th. They now have a $15.00 price target on the stock. Analysts at Jefferies Group cut their price target on shares of People’s United Financial from $15.00 to $14.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. People’s United Financial presently has an average rating of “Hold” and an average price target of $14.44.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.