FIRST REPUBLIC BANK (NYSE:FRC) has a mean price target of $76.47 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.03 a share for the very next quarter and $3.91 for this year.
The technical study of FIRST REPUBLIC BANK Common Stoc demonstrates that the 50-day moving average of FIRST REPUBLIC BANK (NYSE:FRC) stock is $73.96, and is trading $1.61 points away or +2.18% from 50-day moving average of $73.96. It is trading $5.52 or +7.88% away 200-day moving average of $70.05.
The 52-week high of FIRST REPUBLIC BANK (NYSE:FRC) was $78.55 while $56.32 is the low mark in the same period. It state FIRST REPUBLIC BANK Common Stoc share price has to surge more than $-2.98 to hit 52-week high or drop +34.18% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of FIRST REPUBLIC BANK Common Stoc, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. FIRST REPUBLIC BANK (NYSE:FRC) ratio came in at 21.21, after dividing current equity price by yearly earnings. FIRST REPUBLIC BANK Common Stoc stock recorded a close of $75.57 in last trading session, registering a market cap of $11.32B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. FIRST REPUBLIC BANK (NYSE:FRC) PEG ratio is at 1.48.
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