Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $76.47 on FIRST REPUBLIC BANK (NYSE:FRC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.91 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

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 FIRST REPUBLIC BANK (NYSE:FRC) stands at 21.15.

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 FIRST REPUBLIC BANK Common Stoc, the PEG ratio for coming 3-5 years is 1.46.

Technical Analysis

The technical analysis highlights that FIRST REPUBLIC BANK Common Stoc current is trading $3.23 points away or +4.47% from its 50-day moving average of $72.14. Further it is trading $6.79 or +9.91% away its 200-day moving average of $68.58.

The 52-week high of FIRST REPUBLIC BANK (NYSE:FRC) was $77.31 while lowest point recorded in 52-week was $56.32. It implies if stock price makes a movement of over $-1.94, it will record a new 52-week high. In the case of +33.82% drop, it will touch a new 52-week low.

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