Wall Street is positive on PacWest Bancorp (PACW). On average, analysts give PacWest Bancorp a Strong Buy rating. The average price target is $59, which means analysts expect the stock to rise 32.20% over the next twelve months. This average ranking earns PacWest Bancorp an analyst rating of 59, which is better than 59% of stocks based on data compiled by InvestorsObserver.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.
What’s going on with PacWest Bancorp stocks today?
PacWest Bancorp (PACW) stock is trading at $44.63 at 11:38 a.m. Thursday, March 24, up $0.47, or 1.06% from the previous closing price of $44.16 . The stock has traded between $44.10 and $44.86 so far today. Volume today is less active than usual. So far, 231,306 shares have been traded with an average volume of 1,076,261 shares. Click here for the full PacWest Bancorp stock report.
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