BancFirst Corp. Shares Surpass Analyst Target Price of $121
Recently, BancFirst Corp. (Symbol: BANF) shares traded above the average analyst 12-month target price of $121.00, reaching $121.23 per share. When a stock hits the target price set by analysts, they typically have two options: downgrade based on valuation or adjust their target price upwards. Their decision often hinges on fundamental business developments that influence the stock’s rise—if the company’s outlook improves, analysts may consider raising the target price.
Analyst Target Insights
Within the Zacks coverage universe, three analysts have contributed to the target average for BancFirst Corp. This average reflects a mathematical calculation, with some analysts maintaining lower targets, such as $120.00. Conversely, one analyst suggests a target as high as $123.00. The standard deviation among these targets is $1.732.
Evaluating Analyst Opinions
The purpose of assessing the average BANF price target is to leverage the “wisdom of crowds,” combining insights from various analysts rather than relying on a single expert’s perspective. With BANF exceeding the average target price of $121.00 per share, investors have a prompt to evaluate the company’s status: Is $121.00 merely a stopping point towards a higher target, or is the valuation stretched enough to consider profit-taking?
Current Analyst Ratings for BancFirst Corp.
| Recent BANF Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 3.0 | 3.0 | 3.0 | 3.0 |
The average rating displayed in the table above is based on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Strong Sell. This analysis utilizes data sourced from Zacks Investment Research.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
