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Chemung Financial (CHMG) Stock Forecast & Price Target

Chemung Financial logo
$47.78
+0.28 (+0.59%)
(As of 10/31/2024 ET)

Chemung Financial - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
1
Buy
0

Based on 1 Wall Street analysts who have issued ratings for Chemung Financial in the last 12 months, the stock has a consensus rating of "Hold." Out of the 1 analysts, 1 has given a hold rating for CHMG.

Consensus Price Target

$49.00
2.55% Upside
According to the 1 analysts' twelve-month price targets for Chemung Financial, the average price target is $49.00. The highest price target for CHMG is $49.00, while the lowest price target for CHMG is $49.00. The average price target represents a forecasted upside of 2.55% from the current price of $47.78.
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CHMG Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$49.00$49.00$49.00$49.00
Forecasted Upside2.55% Upside3.66% Upside5.42% Upside19.08% Upside
Consensus Rating
Hold
Hold
Hold
Hold

CHMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Chemung Financial Stock vs. The Competition

TypeChemung FinancialFinance CompaniesS&P 500
Consensus Rating Score
2.00
2.48
2.50
Consensus RatingHoldHoldHold
Predicted Upside3.16% Upside13.81% Upside9.23% Upside
News Sentiment Rating
Positive News

See Recent CHMG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/22/2024Keefe, Bruyette & Woods
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$51.00 ➝ $49.00+12.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:22 PM ET.


CHMG Forecast - Frequently Asked Questions

According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Chemung Financial is $49.00, with a high forecast of $49.00 and a low forecast of $49.00.

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last twelve months. There is currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHMG, but not buy additional shares or sell existing shares.

According to analysts, Chemung Financial's stock has a predicted upside of 2.55% based on their 12-month stock forecasts.

Analysts like Chemung Financial less than other "finance" companies. The consensus rating score for Chemung Financial is 2.00 while the average consensus rating score for "finance" companies is 2.48. Learn more on how CHMG compares to other companies.


This page (NASDAQ:CHMG) was last updated on 10/31/2024 by MarketBeat.com Staff
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