As per the research groups listed in Thomson Reuters survey, Columbia Banking System, Inc. (NASDAQ:COLB), the stock can touch mean price target of $31.400 in coming period. This price target highlights the recommendations of leading experts in the market.
Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.470 per share in looming quarter and $1.760 during current fiscal.
While evaluating Columbia Banking System, Inc. on the technical side, it is seen that the firm’s shares price is trading $1.569 points away or +5.001% from its 50-day moving average of $31.366. Further it is trading $3.121 or +10.466% away its 200-day moving average of $29.815. MA here stands for moving average.
Columbia Banking System, Inc. (NASDAQ:COLB) stock made a high of $36.270 in last 12-months while the lowest level in same period was $26.170. It entails if stock price makes a movement of over $-3.335, it will make a new 52-week high. In the case of +25.850% decline, it will touch a new 52-week low.
The valuation of Columbia Banking System, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Columbia Banking System, Inc. (NASDAQ:COLB) P/E ratio is 19.260. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Columbia Banking System, Inc. it stands at 2.080.
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