September 19, 2016
VALUATION WATCH: Overvalued stocks now make up 46.42% of our stocks assigned a valuation and 15.16% of those equities are calculated to be overvalued by 20% or more. Seven sectors are calculated to be overvalued.
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UPGRADES
--Banc of California Leads ValuEngine Upgrade List
ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities. When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth if the market were totally rational and efficient--an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.
We combine all of the equities with a valuation calculation to track market valuation figures and use them as a metric for making calls about the overall state of the market. Two factors can lower these figures-- a market pullback, or a significant rise in EPS estimates.
We also use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.
For today's edition of our upgrade list, we used our website's advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Banc of California (BANC) is our top-rated upgrade this week.
Ticker |
Company Name |
Market Price |
Valuation |
Last 12-M Return |
1-M Forecast Return |
1-Yr Forecast Return |
P/E Ratio |
Sector Name |
BANC |
BANC OF CA INC |
20.39 |
9.69% |
61.70% |
1.08% |
13.00% |
13.10 |
Finance |
BMI |
BADGER METER |
32.89 |
-46.41% |
N/A |
0.66% |
7.93% |
14.90 |
Computer and Technology |
NLST |
NETLIST INC |
1.32 |
-22.20% |
325.67% |
0.53% |
6.33% |
N/A |
Computer and Technology |
SRE |
SEMPRA ENERGY |
106.62 |
-17.82% |
16.58% |
0.53% |
6.30% |
22.73 |
Utilities |
FDX |
FEDEX CORP |
158.89 |
-9.26% |
6.19% |
0.52% |
6.23% |
14.21 |
Transportation |
Below is today's data on Banc of California (BANC):
Banc of California, Inc. provides comprehensive banking services to California's diverse private businesses, entrepreneurs and homeowners. It is the parent company of Banc of California, National Association.
VALUENGINE RECOMMENDATION: ValuEngine updated its recommendation from BUY to STRONG BUY for BANC OF CA INC on 2016-09-16. Based on the information we have gathered and our resulting research, we feel that BANC OF CA INC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Book Market Ratio.
You can download a free copy of detailed report on Banc of California (BANC) from the link below.
ValuEngine Forecast |
| |
Target
Price* |
Expected
Return |
1-Month |
20.61 |
1.08% |
3-Month |
21.20 |
4.00% |
6-Month |
21.85 |
7.17% |
1-Year |
23.04 |
13.00% |
2-Year |
23.82 |
16.82% |
3-Year |
24.88 |
22.02% |
Valuation & Rankings |
Valuation |
9.69% overvalued |
|
 28 |
1-M Forecast Return |
1.08% |
1-M Forecast Return Rank |
99 |
12-M Return |
61.70% |
|
92 |
Sharpe Ratio |
0.46 |
|
78 |
5-Y Avg Annual Return |
12.63% |
5-Y Avg Annual Rtn Rank |
80 |
Volatility |
27.67% |
|
61 |
Expected EPS Growth |
15.63% |
|
52 |
Market Cap (billions) |
0.68 |
Size Rank |
60 |
Trailing P/E Ratio |
13.10 |
|
82 |
Forward P/E Ratio |
11.33 |
Forward P/E Ratio Rank |
76 |
PEG Ratio |
0.84 |
PEG Ratio Rank |
47 |
Price/Sales |
1.24 |
|
60 |
Market/Book |
0.77 |
|
84 |
Beta |
0.69 |
Beta Rank |
60 |
Alpha |
0.52 |
Alpha Rank |
94 |
DOWNLOAD A FREE SAMPLE OF OUR BANC OF CALIFORNIA (BANC) REPORT BY CLICKING HERE
ValuEngine Market Overview
Summary of VE Stock Universe |
Stocks Undervalued |
53.58% |
Stocks Overvalued |
46.42% |
Stocks Undervalued by 20% |
21.45% |
Stocks Overvalued by 20% |
15.16% |
ValuEngine Sector Overview
|
|
|
|
|
|
|
|
-0.58% |
-2.80% |
5.31% |
16.36% overvalued |
-1.42% |
19.70 |
|
-0.13% |
0.29% |
15.45% |
4.27% overvalued |
7.61% |
29.10 |
|
-0.48% |
-0.97% |
14.72% |
3.32% overvalued |
7.37% |
22.67 |
|
-0.23% |
-1.27% |
9.24% |
3.23% overvalued |
11.74% |
24.14 |
|
-0.04% |
-0.76% |
9.55% |
2.30% overvalued |
13.38% |
21.57 |
|
-0.78% |
-2.05% |
26.96% |
2.09% overvalued |
-9.84% |
24.39 |
|
-0.48% |
-1.50% |
42.25% |
1.99% overvalued |
55.83% |
30.39 |
|
-0.57% |
0.47% |
-0.40% |
0.25% undervalued |
0.93% |
17.88 |
|
-0.24% |
-0.90% |
6.12% |
0.34% undervalued |
3.63% |
16.41 |
|
-0.36% |
-0.23% |
7.83% |
0.73% undervalued |
1.55% |
23.74 |
|
-0.52% |
-0.06% |
13.95% |
1.13% undervalued |
-0.54% |
24.74 |
|
-0.30% |
-0.78% |
10.62% |
2.79% undervalued |
-17.16% |
14.85 |
|
0.39% |
1.40% |
1.36% |
5.23% undervalued |
-14.20% |
27.03 |
|
-0.81% |
-2.36% |
28.15% |
5.69% undervalued |
8.29% |
19.59 |
|
-0.73% |
-0.10% |
4.57% |
6.16% undervalued |
1.26% |
13.46 |
|
0.11% |
-1.25% |
0.35% |
7.37% undervalued |
-5.54% |
22.05 |
ValuEngine.com is an independent research provider, producing buy/hold/sell recommendations, target price, and valuations on over 7,000 US and Canadian equities every trading day.
Visit www.ValuEngine.com for more information
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