Extremely important positive changes in investment behavior have recently occurred for East West Bancorp Inc (NASDAQ: EWBC): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
East West Bancorp Inc (NASDAQ: EWBC). Meaningful positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EWBC is expected to continue to be an important Value Builder.
East West Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. East West Bancorp has a good Appreciation Score of 77 and a very high Power Rating of 88, resulting in the Highest Value Trend Rating.
Recent Price Action
East West Bancorp Inc (NASDAQ: EWBC) stock rose slightly by 0.3% on 1/10/24. The stock closed at $72.84. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
Be the first to comment