Cathay General Bancorp (CATY)
NASDAQ: CATY · Real-Time Price · USD
51.78
+0.14 (0.27%)
Nov 15, 2024, 4:00 PM EST - Market closed
Cathay General Bancorp Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for CATY stock have an average target of 44, with a low estimate of 36 and a high estimate of 52. The average target predicts a decrease of -15.03% from the current stock price of 51.78.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for CATY stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Maintains $50 → $52 | Buy | Maintains | $50 → $52 | +0.42% | Oct 23, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $45 → $47 | Hold | Maintains | $45 → $47 | -9.23% | Sep 20, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $38 → $45 | Hold | Maintains | $38 → $45 | -13.09% | Jul 24, 2024 |
| Wedbush | Wedbush | Buy Maintains $44 → $50 | Buy | Maintains | $44 → $50 | -3.44% | Jul 23, 2024 |
| Piper Sandler | Piper Sandler | Sell Maintains $32 → $36 | Sell | Maintains | $32 → $36 | -30.48% | Jul 23, 2024 |
Financial Forecast
Revenue This Year
746.82M
Revenue Next Year
779.52M
from 746.82M
Increased by 4.38%
EPS This Year
4.02
from 4.86
Decreased by -17.38%
EPS Next Year
4.29
from 4.02
Increased by 6.83%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 772.8M | 826.6M | 897.2M |
| Avg | 746.8M | 779.5M | 815.6M |
| Low | 714.1M | 716.4M | 721.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 10.7% | 15.1% |
| Avg | - | 4.4% | 4.6% |
| Low | - | -4.1% | -7.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.20 | 4.61 | 5.51 |
| Avg | 4.02 | 4.29 | 4.67 |
| Low | 3.81 | 3.68 | 3.87 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -13.6% | 14.8% | 28.5% |
| Avg | -17.4% | 6.8% | 8.8% |
| Low | -21.6% | -8.5% | -9.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.