Stock To Watch: Western Alliance Bancorporation (NYSE:WAL)


The leading market experts have placed a mean price target of $42.06 on Western Alliance Bancorporation (NYSE:WAL) 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 $0.67 a share for the upcoming quarter and $2.54 for the current fiscal.

Technical View

The technical analysis of Western Alliance Bancorporation plainly substantiates that the 50-day moving average of Western Alliance Bancorporation is $35.60, and stock is trading $2.74 points away or +7.70% from its 50-day moving average of $35.60. Further it is trading $4.18 or +12.23% away its 200-day moving average of $34.16. Western Alliance Bancorporation (NYSE:WAL) 52-week high is $39.11 and the 52-week low is $26.60.

This explains if the stock moves $-0.77, it will post a 52-week high. In event of +44.14% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Western Alliance Bancorporation, 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, Western Alliance Bancorporation (NYSE:WAL) ratio came in at 16.63.

The stock last ended the trading session at $38.34 and registered a market cap of $3.94B. 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. Western Alliance Bancorporation (NYSE:WAL) PEG ratio is at 1.60.

1 Chart Pattern Every Investor Should Know

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