Is Amalgamated Financial Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: AMAL) stock is to Buy AMAL stock.
Out of 2 analysts, 0 (0%) are recommending AMAL as a Strong Buy, 1 (50%) are recommending AMAL as a Buy, 1 (50%) are recommending AMAL as a Hold, 0 (0%) are recommending AMAL as a Sell, and 0 (0%) are recommending AMAL as a Strong Sell.
What is AMAL's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: AMAL) forecast ROE is 16.94%, which is considered weak.
What is AMAL's Price Target?
According to 2 Wall Street analysts that have issued a 1 year AMAL price target, the average AMAL price target is $22.75, with the highest AMAL stock price forecast at $24.00 and the lowest AMAL stock price forecast at $21.50.
On average, Wall Street analysts predict that Amalgamated Financial's share price could reach $22.75 by Aug 2, 2024. The average Amalgamated Financial stock price prediction forecasts a potential upside of 32.89% from the current AMAL share price of $17.12.
What is AMAL's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: AMAL) forecast ROA is 1.15%, which is lower than the forecast US Banks - Regional industry average of 22.93%.
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