Zacks Upgrades Chemical Financial Corp. to Neutral (CHFC)
Chemical Financial Corp. (NASDAQ:CHFC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Friday. The firm currently has a $28.30 price objective on the stock. Zacks‘s price objective suggests a potential upside of 2.09% from the stock’s previous close.
Shares of Chemical Financial Corp. (NASDAQ:CHFC) opened at 27.55 on Friday. Chemical Financial Corp. has a 52 week low of $26.53 and a 52 week high of $33.28. The stock’s 50-day moving average is $28.03 and its 200-day moving average is $29.45. The company has a market cap of $902.5 million and a price-to-earnings ratio of 13.74.
Chemical Financial Corp. (NASDAQ:CHFC) last released its earnings data on Wednesday, July 23rd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. Analysts expect that Chemical Financial Corp. will post $1.80 EPS for the current fiscal year.
Chemical Financial Corporation (NASDAQ:CHFC) is a financial holding company.
To view Zacks’ full report, visit Zacks’ official website.
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.