With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.09 million shares. The 52-week range on WAL shows that it touched its highest point at $98.10 and its lowest point at $53.75 during that stretch. It currently has a 1-year price target of $106.62. With its current market cap of 9.52 billion, WAL has annualized dividend of $1.50 while the current yield stands at 1.74%. Beta for the stock currently stands at 1.43.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WAL was down-trending over the past week, with a drop of -3.98%, but this was down by -3.38% over a month. Three-month performance dropped to -8.00% while six-month performance rose 6.50%. The stock gained 49.07% in the past year, while it has gained 3.14% so far this year. A look at the trailing 12-month EPS for WAL yields 7.09 with Next year EPS estimates of 10.63. For the next quarter, that number is 1.80. This implies an EPS growth rate of 24.36% for this year and 20.54% for next year. EPS is expected to grow by 19.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.93%.
Float and Shares Shorts:
At present, 110.05 million WAL shares are outstanding with a float of 108.74 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WAL since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.13372 being high and $6.94521 being low. For WAL, this leads to a yearly average estimate of $7.05435. Based on analyst estimates, the high estimate for the next quarter is $2.22 and the low estimate is $1.98. The average estimate for the next quarter is thus $2.11.
