Cathay General Bancorp (NASDAQ:CATY) has obtained a mean price target of $32.920 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $0.600 a share for the near-term quarter and $2.190 for this year.
The technical analysis of Cathay General Bancorp clearly shows that the moving average of 50-days of Cathay General Bancorp (NASDAQ:CATY) stock is $29.639, and is trading $1.376 points away or +4.643% from its 50-day moving average of $29.639. Further it is trading $1.952 or +6.717% away its 200-day moving average of $29.063.
The 52-week high of Cathay General Bancorp (NASDAQ:CATY) was $34.690 while $25.620 is the low in the same period. This state Cathay General Bancorp shares price has to travel more than $-3.675 to register a new high of 52-weeks or drop +21.058% to touch a new 52-week low point. MA here stands for moving average.
Taking the valuation aspect to reach the estimation of Cathay General Bancorp, investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Cathay General Bancorp (NASDAQ:CATY) ratio came in at 15.664, which was derived by dividing current price of stock by yearly earnings. Cathay General Bancorp stock recorded a close of $31.015 in last trading session, reaching a market cap of $2.45B.
Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Cathay General Bancorp (NASDAQ:CATY) PEG ratio is at 1.760.
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