People’s United Financial Coverage Initiated by Analysts at Janney Montgomery Scott (PBCT)
Equities researchers at Janney Montgomery Scott started coverage on shares of People’s United Financial (NASDAQ:PBCT) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
People’s United Financial (NASDAQ:PBCT) traded up 0.91% on Tuesday, hitting $15.55. The stock had a trading volume of 5,736,547 shares. People’s United Financial has a one year low of $12.22 and a one year high of $15.70. The stock’s 50-day moving average is $14.97 and its 200-day moving average is $14.79. The company has a market cap of $4.785 billion and a price-to-earnings ratio of 21.11.
People’s United Financial (NASDAQ:PBCT) last released its earnings data on Thursday, October 17th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters 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.
PBCT has been the subject of a number of other recent research reports. Analysts at Ned Davis Research upgraded shares of People’s United Financial from a “sell” rating to a “neutral” rating in a research note to investors on Monday. Separately, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.56.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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