Comparable Company Analysis: PacWest Bancorp (PACW), CRH plc (CRH)

You should consider shares of PacWest Bancorp (NASDAQ:PACW) and CRH plc (NYSE:CRH) if you are looking for a great stocks to invest in. Starting with the PACW shares, which traded at $36.76 at the close of the recent session, dropping -0.65%. On Wednesday, the company’s shares shed -$0.24 from its value which represented in intraday trading. The stock is now -3.95% lower in year-to-date (YTD) trading. PACW’s intraday high was $36.985 while its lowest price touched $36.48. The stock’s 52-week high price is $41.60, which means the current price is at -11.63%. In terms of trading activity, the daily trading volume rose to 1343101 against 200-day average trading volume of 779,652 shares.

What are analyst forecasts for PacWest Bancorp (NASDAQ:PACW)?

At a consensus rating of 3.78, PACW is trending as a streaking Moderate Buy, as it has been the case a month ago when 9 analysts called it a Moderate Buy. Two months ago, 10 analysts recommended, on average, that PACW stock is a Moderate Buy. The Financial company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $36.84 on the day.

Forecasts for PacWest Bancorp (NASDAQ:PACW) give the stock a fair value for the growth of 8.1% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $40.00, which means the price per share could rise by nearly $3.24. The price range target is between a low of $38.00 and a high of $44.00. The stock would need to gain by about $16.45 to hit the estimated high or 0.89% from its 12-month low.

The consensus among 12 analysts is that it is a good time for one to Overweight in the PacWest Bancorp. 6 analysts rate PACW as a Buy, with 0 of 12 analysts rate it as a Sell. 0 have valued the stock as Overweight and 6 have recommended that investors Hold.

PacWest Bancorp (NASDAQ:PACW) Upgrades and Downgrades

In terms of rating changes, RBC Capital Mkts on August 23, 2019, Initiated PacWest Bancorp (PACW) at Outperform. They believe the stock could reach $40 in the near term. Analysts at Raymond James have assigned a Mkt Perform rating for the stock in their research note on July 08, 2019. Moreover, Keefe Bruyette analysts issued a rating of Mkt Perform for the stock on February 25, 2019, giving it a price target of $45 for the next 12 months. On April 10, 2018, the stock earned a Strong Buy rating due to an analyst call from Raymond James, while analysts from B. Riley FBR Inc. on January 22, 2018 suggested that the stock is Neutral.

CRH plc (NYSE:CRH) adds -$0.44 on Wednesday

The CRH stock has tanked -3.87% year-to-date and is currently trading at $38.77, which is -5.16% below its 52-week high. The company shares lost -1.12% on the day and have risen nearly 38.86% off a low hit. At current levels, CRH plc has a valuation of about $31.16B. As of 01/15/20, this stock has fallen -2.32% during the week and closed at $39.21 in the previous session. However, recent CRH plc stock performance shows that CRH shares are -2.98% down over the last month, and 11.44% up for the last three months.

Over the next 5-year period, earnings per share will be 6.60%.

Sales Growth to climb 6.80% for the year

Forecasts for this fiscal year are between $28.93B and $28.93B and the consensus estimate for sales is at $28.77B.

Who owns shares in CRH plc (CRH)?

Let’s briefly focus on the share ownership of the CRH plc (NYSE:CRH) stock, where we find that 5.19% of shares are held by institutions. FMR, LLC tops the list of institutional owners as it is holding 10.23 million shares or 33.59% of shares outstanding. Boston Partners and Dimensional Fund Advisors LP held 9.69 million and 2.47 million representing 31.81% and 8.10% respectively at the close of the last trading session. As of Sep 29, 2019, Renaissance Technologies, LLC accounted for 2.03 million shares at over 69.75 million. This represented 6.67% of shares outstanding. Bank of America Corporation held 1.7 million shares at over 58.26 million representing 5.57% of shares outstanding.