Evaluating Associated Banc: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
Associated Banc (NYSE:ASB) has received mixed reviews from 5 financial analysts over the past quarter, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for ASB has been raised to $23.2, indicating a 7.91% increase from the previous target. Despite this optimistic outlook, Associated Banc faces significant challenges, including a -65.18% decline in revenue over 3 months, a net margin of -75.61%, and below-average ROE and ROA. The company's debt-to-equity ratio is also higher than the industry average, suggesting financial risk.
April 09, 2024 | 4:00 pm
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Associated Banc has seen a mixed set of analyst ratings with a recent uptick in the average price target to $23.2, despite facing significant operational challenges such as a sharp revenue decline and poor profitability metrics.
The mixed analyst ratings and the recent increase in the average price target suggest a cautiously optimistic outlook for ASB. However, the significant operational challenges highlighted, including a substantial revenue decline and poor profitability metrics, could dampen investor sentiment and limit stock performance in the short term. The high debt-to-equity ratio further adds to the financial risk, making it a critical factor for investors to consider.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100