SVB Financial Group PT Raised to $140.00 at Raymond James (SIVB)
Analysts at Raymond James hoisted their price target on shares of SVB Financial Group (NASDAQ:SIVB) from $130.00 to $140.00 in a research report issued to clients and investors on Tuesday. Raymond James’ price objective would suggest a potential upside of 18.90% from the company’s current price.
SVB Financial Group (NASDAQ:SIVB) traded up 0.97% during mid-day trading on Tuesday, hitting $117.75. 498,506 shares of the company’s stock traded hands. SVB Financial Group has a one year low of $79.54 and a one year high of $135.00. The stock has a 50-day moving average of $110.6 and a 200-day moving average of $113.3. The company has a market cap of $5.421 billion and a price-to-earnings ratio of 20.27.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.57 by $0.38. During the same quarter in the prior year, the company posted $0.90 earnings per share. Analysts expect that SVB Financial Group will post $5.41 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of SVB Financial Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 12th. They now have a $115.00 price target on the stock, down previously from $135.00. Separately, analysts at RBC Capital upgraded shares of SVB Financial Group from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 12th. They now have a $135.00 price target on the stock, up previously from $115.00. Finally, analysts at RBC Capital raised their price target on shares of SVB Financial Group from $105.00 to $115.00 in a research note on Tuesday, May 27th. They now have a “sector perform” rating on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $121.57.
SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and financial holding company.
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