Free Trial

Cathay General Bancorp (CATY) Stock Forecast & Price Target

$42.00
-0.69 (-1.62%)
(As of 07/19/2024 ET)

Cathay General Bancorp - 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

Based on 5 Wall Street analysts who have issued ratings for Cathay General Bancorp in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 1 has given a sell rating, 3 have given a hold rating, and 1 has given a buy rating for CATY.

Consensus Price Target

$39.00
-7.14% Downside
High Forecast$44.00
Average Forecast$39.00
Low Forecast$31.00

According to the 5 analysts' twelve-month price targets for Cathay General Bancorp, the average price target is $39.00. The highest price target for CATY is $44.00, while the lowest price target for CATY is $31.00. The average price target represents a forecasted downside of -7.14% from the current price of $42.00.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$39.00$39.00$38.20$39.83
Forecasted Upside-7.14% Downside7.46% Upside4.42% Upside10.14% Upside
Get Cathay General Bancorp Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for CATY and its competitors with MarketBeat's FREE daily newsletter.

CATY 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.
Skip Chart & View Analyst Rating History

CATY 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Cathay General Bancorp Stock vs. The Competition

TypeCathay General BancorpFinance CompaniesS&P 500
Consensus Rating Score
2.00
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-7.14% Downside37.67% Upside9.98% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/25/2024Truist Financial
1 of 5 stars
 Lower TargetHold ➝ Hold$40.00 ➝ $38.00+9.48%
4/23/2024Keefe, Bruyette & Woods
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$46.00 ➝ $41.00+11.96%
4/23/2024Wedbush
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$44.00+20.15%
11/6/2023Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeNeutral ➝ Underweight$31.00-16.73%
7/25/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral$34.00 ➝ $41.00+13.01%
6/29/2023VNET Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains
6/29/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains
1/26/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$43.00 ➝ $44.00+5.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:07 AM ET.

CATY Forecast - Frequently Asked Questions

What is Cathay General Bancorp's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Cathay General Bancorp is $39.00, with a high forecast of $44.00 and a low forecast of $31.00.

Should I buy or sell Cathay General Bancorp stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CATY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CATY, but not buy additional shares or sell existing shares.

Does Cathay General Bancorp's stock price have much upside?

According to analysts, Cathay General Bancorp's stock has a predicted upside of 7.46% based on their 12-month stock forecasts.

What analysts cover Cathay General Bancorp?

Cathay General Bancorp has been rated by research analysts at Keefe, Bruyette & Woods, Truist Financial, and Wedbush in the past 90 days.

Do Wall Street analysts like Cathay General Bancorp more than its competitors?

Analysts like Cathay General Bancorp less than other "finance" companies. The consensus rating score for Cathay General Bancorp is 2.00 while the average consensus rating score for "finance" companies is 2.45. Learn more on how CATY compares to other companies.


This page (NASDAQ:CATY) was last updated on 7/20/2024 by MarketBeat.com Staff

From Our Partners