People’s United Financial Price Target Raised to $17.00 at Guggenheim (PBCT)
Guggenheim lifted their target price on shares of People’s United Financial (NASDAQ:PBCT) to $17.00 in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price target points to a potential upside of 10.32% from the company’s current price.
People’s United Financial (NASDAQ:PBCT) traded up 1.49% on Tuesday, hitting $15.64. 2,010,107 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’s 50-day moving average is $14.95 and its 200-day moving average is $14.79. The company has a market cap of $4.813 billion and a P/E ratio of 21.11.
People’s United Financial (NASDAQ:PBCT) last issued its quarterly 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.
A number of other firms have also recently commented on PBCT. Analysts at Janney Montgomery Scott initiated coverage on shares of People’s United Financial in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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 issued a buy rating to the company. People’s United Financial presently has a consensus rating of “Hold” and an average target price of $14.56.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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