Brokerages Set Chemical Financial Co. (CHFC) PT at $54.00
Chemical Financial Co. (NASDAQ:CHFC) has received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $54.00.
A number of analysts recently commented on the company. Zacks Investment Research lowered Chemical Financial from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered Chemical Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 26th.
Shares of Chemical Financial stock opened at $44.15 on Tuesday. The firm has a market cap of $3.16 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.42. Chemical Financial has a 12 month low of $34.62 and a 12 month high of $59.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.
Institutional investors have recently modified their holdings of the stock. Credit Suisse AG raised its stake in shares of Chemical Financial by 16.4% in the third quarter. Credit Suisse AG now owns 65,948 shares of the bank’s stock valued at $3,521,000 after buying an additional 9,279 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Chemical Financial in the third quarter valued at $2,731,000. JPMorgan Chase & Co. raised its stake in shares of Chemical Financial by 50.7% in the third quarter. JPMorgan Chase & Co. now owns 121,539 shares of the bank’s stock valued at $6,490,000 after buying an additional 40,876 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Chemical Financial by 20.1% in the third quarter. Riverhead Capital Management LLC now owns 6,564 shares of the bank’s stock valued at $351,000 after buying an additional 1,100 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Chemical Financial in the third quarter valued at $353,000. Institutional investors and hedge funds own 83.98% of the company’s stock.
About Chemical Financial
Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers a range of banking and fiduciary products and services to residents and business customers. It offers business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services.
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