The Analyst Landscape: 7 Takes On East West Bancorp
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) received mixed ratings from 7 analysts, with an average 12-month price target of $73.71, up from the previous $60.60. Analysts from Wedbush, Truist Securities, Morgan Stanley, Citigroup, and UBS have provided updates, with several raising their price targets. The company, a commercial bank with U.S. and China operations, has seen revenue growth of 2.47% and a high net margin of 45.24%. However, its debt-to-equity ratio of 0.72 indicates higher debt levels.
January 24, 2024 | 2:00 pm
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POSITIVE IMPACT
Analysts have mixed opinions on EWBC, but the average price target has increased, indicating a positive outlook. The company's strong revenue growth and net margin are positive, but high debt levels could be a concern.
The increase in the average price target suggests that analysts see potential in EWBC's stock, which could lead to a short-term positive impact on its price. The company's strong financial metrics like revenue growth and net margin support this view. However, the high debt-to-equity ratio is a concern that investors will need to monitor, as it could impact long-term financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100