Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.54 on Ameris Bancorp (NASDAQ:ABCB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.12 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Ameris Bancorp (NASDAQ:ABCB) stands at 19.26.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Ameris Bancorp, the PEG ratio for coming 3-5 years is 2.06.
The technical analysis highlights that Ameris Bancorp current is trading $2.23 points away or +6.61% from its 50-day moving average of $33.66. Further it is trading $5.09 or +16.51% away its 200-day moving average of $30.80.
The 52-week high of Ameris Bancorp (NASDAQ:ABCB) was $36.20 while lowest point recorded in 52-week was $24.96. It implies if stock price makes a movement of over $-0.31, it will record a new 52-week high. In the case of +43.79% drop, it will touch a new 52-week low.
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