Recently, shares of Atlantic Union Bankshares Corp (Symbol: AUB) surpassed the average analyst 12-month target price of $42.50, trading at $43.04 per share. Analysts typically respond in two ways when a stock hits their target: they may either downgrade due to valuation concerns or increase their target price. Their reaction may also depend on recent developments within the company that could influence its stock price positively.
Understanding Analyst Forecasts
Within the Zacks coverage universe, four different analyst targets help calculate that average for Atlantic Union Bankshares Corp. Opinions vary; while some analysts forecast a lower target price of $38.00, others predict a higher target of $46.00. The standard deviation among these targets is $3.696, indicating some disparity in expectations.
Analyzing Analyst Perspectives
Investors often look to the average target price to gauge market sentiment, as it reflects a collective opinion rather than a single analyst’s viewpoint. With AUB now above that $42.50 average target, investors are encouraged to consider whether this price is merely a temporary milestone leading to even higher estimates, or if it indicates that the stock’s price may have increased too much too fast, suggesting a need to sell some shares. Below is a summary of the current analyst ratings for Atlantic Union Bankshares Corp:
| Recent AUB Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.75 | 1.75 | 1.75 | 1.75 |
The average rating in the last row represents a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com. Access the latest Zacks research report on AUB — free of charge.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
