Is Cathay General Bancorp Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 4 Wall Street analysts covering (NASDAQ: CATY) stock is to Hold CATY stock.
Out of 4 analysts, 0 (0%) are recommending CATY as a Strong Buy, 1 (25%) are recommending CATY as a Buy, 3 (75%) are recommending CATY as a Hold, 0 (0%) are recommending CATY as a Sell, and 0 (0%) are recommending CATY as a Strong Sell.
What is CATY's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: CATY) forecast ROE is 14.3%, which is considered weak.
What is CATY's Price Target?
According to 4 Wall Street analysts that have issued a 1 year CATY price target, the average CATY price target is $39.75, with the highest CATY stock price forecast at $45.00 and the lowest CATY stock price forecast at $34.00.
On average, Wall Street analysts predict that Cathay General Bancorp's share price could reach $39.75 by Jul 25, 2024. The average Cathay General Bancorp stock price prediction forecasts a potential upside of 15.15% from the current CATY share price of $34.52.
What is CATY's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: CATY) forecast ROA is 1.62%, which is lower than the forecast US Banks - Regional industry average of 20.89%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.