Stock To Watch: Cathay General Bancorp (NASDAQ:CATY)


The leading market experts have placed a mean price target of $32.92 on Cathay General Bancorp (NASDAQ:CATY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.60 a share for the upcoming quarter and $2.19 for the current fiscal.

Technical View

The technical analysis of Cathay General Bancorp plainly substantiates that the 50-day moving average of Cathay General Bancorp is $30.27, and stock is trading $0.87 points away or +2.86% from its 50-day moving average of $30.27. Further it is trading $1.90 or +6.50% away its 200-day moving average of $29.24. Cathay General Bancorp (NASDAQ:CATY) 52-week high is $34.69 and the 52-week low is $25.62.

This explains if the stock moves $-3.55, it will post a 52-week high. In event of +21.55% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Cathay General Bancorp, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cathay General Bancorp (NASDAQ:CATY) ratio came in at 15.73.

The stock last ended the trading session at $31.14 and registered a market cap of $2.46B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cathay General Bancorp (NASDAQ:CATY) PEG ratio is at 1.77.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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