People's United Financial Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:PBCT)
Shares of People's United Financial (NASDAQ:PBCT) have received an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.92.
A number of analysts have recently weighed in on PBCT shares. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of People's United Financial in a research note on Wednesday. They now have a $16.00 price target on the stock, down previously from $17.00. Separately, analysts at SunTrust initiated coverage on shares of People's United Financial in a research note on Thursday, May 15th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of People's United Financial in a research note on Wednesday, May 14th. They now have a $15.00 price target on the stock.
People's United Financial (NASDAQ:PBCT) opened at 14.92 on Wednesday. People's United Financial has a 1-year low of $13.73 and a 1-year high of $15.70. The stock’s 50-day moving average is $14.56 and its 200-day moving average is $14.59. The company has a market cap of $4.468 billion and a P/E ratio of 19.63.
People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.02. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, analysts predict that People's United Financial will post $0.83 earnings per share for the current fiscal year.
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.