Cathay General Bancorp (CATY) shares recently traded at $36.25, surpassing the average 12-month analyst target of $36.00. The stock performance prompts potential analyst reactions, including downgrading valuations or adjusting target prices.
Currently, six analysts contribute to the average target price, with estimates ranging from $32.00 to as high as $40.00, resulting in a standard deviation of $3.346. The latest ratings show one strong buy, five hold ratings, and no sell or strong sell ratings, maintaining an average rating of 2.67.
This information is sourced from Zacks Investment Research and can help investors gauge whether to retain or reassess their holdings in CATY.
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