Analysts React to Triumph
First Financial Bankshares, Inc. (Symbol: FFIN) has soared past the average analyst 12-month target price of $32.25, now trading at $32.36/share. When a stock hits this milestone, analysts face a decision: downgrade due to valuation or recalibrate the target upwards. Their decision hinges on recent fundamental business advancements driving the stock’s upward trajectory.
An Array of Analyst Targets
Four diverse analyst targets within the Zacks coverage universe contribute to the average for First Financial Bankshares, Inc. However, this number is merely a statistical average. Some analysts foresee a lower price of $31.00, while on the flip side, one analyst predicts a high of $35.00, with a standard deviation of $1.892.
The purpose of considering the average FFIN price target is to harness the collective wisdom of all contributors, rather than relying on a single expert opinion. With FFIN surpassing the average target of $32.25/share, investors are prompted to reassess the company’s prospects—Is $32.25 a stepping stone towards an even loftier target, or has the valuation reached a point necessitating profit-taking?
| Recent FFIN 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: | 4 | 4 | 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 ranges from 1 to 5, with 1 indicating a Strong Buy and 5 pointing to a Strong Sell. Data courtesy of Zacks Investment Research through Quandl.com. Access the latest Zacks research report on FFIN for free.
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The author’s viewpoints expressed are their own and may not align with those of Nasdaq, Inc.
