Webster Financial Corp. Receives Consensus Rating of “Buy” from Analysts (NYSE:WBS)
Webster Financial Corp. (NYSE:WBS) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the company, Analyst Ratings Network.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $32.19.
Separately, analysts at JPMorgan Chase & Co. set a $35.00 price target on shares of Webster Financial Corp. in a research note on Wednesday, July 9th.
Shares of Webster Financial Corp. (NYSE:WBS) opened at 30.94 on Thursday. Webster Financial Corp. has a 1-year low of $24.53 and a 1-year high of $32.67. The stock’s 50-day moving average is $31.01 and its 200-day moving average is $30.66. The company has a market cap of $2.794 billion and a price-to-earnings ratio of 15.91.
Webster Financial Corp. (NYSE:WBS) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.01. During the same quarter last year, the company posted $0.44 earnings per share. Analysts expect that Webster Financial Corp. will post $2.10 EPS for the current fiscal year.
Webster Financial Corporation (NYSE:WBS) is a bank holding company and financial holding company.
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