Stock Yards Stock Target Price and Analyst Consensus

SYBT Stock  USD 45.69  0.79  1.76%   
The current analyst and expert consensus on Stock Yards is Buy with 4 hold recommendations. The current projected Stock Yards target price consensus is 52.50 with 6 analyst opinions. One of the most common ways Stock Yards Bancorp analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Stock Yards vendors, executives, and/or customers. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Stock Yards. We strongly encourage you to use your own analysis of Stock Yards Bancorp to validate this buy or sell advice. Stock Yards recommendation module provides expert sentiment on the projected Stock Yards Bancorp target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Stock Yards to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
47.78
Highest Forecast
58.28
Target Price
52.5
Gross Profit is likely to gain to about (6.2 B) in 2024. Pretax Profit Margin is likely to drop to 0.28 in 2024. At this time, Stock Yards' Cash is comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 8.1 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 24.2 M in 2024.
  
It's important to approach Stock Yards' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Stock Yards price targets

Stock Yards' stock target price is an estimate of its future price, usually made by analysts. Using Stock Yards' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Stock Yards' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Stock Yards' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Stock Yards Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Stock Yards is a key component of Stock Yards valuation and have some predictive power on the future returns of a Stock Yards.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stock Yards' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
43.3645.6948.02
Details
Intrinsic
Valuation
LowRealHigh
44.2046.5248.86
Details
Naive
Forecast
LowNextHigh
42.0044.3446.67
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.780.810.83
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stock Yards. Your research has to be compared to or analyzed against Stock Yards' peers to derive any actionable benefits. When done correctly, Stock Yards' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stock Yards Bancorp.

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When determining whether Stock Yards Bancorp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Stock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Stock Yards Bancorp Stock. Highlighted below are key reports to facilitate an investment decision about Stock Yards Bancorp Stock:
Check out Macroaxis Advice on Stock Yards to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Note that the Stock Yards Bancorp information on this page should be used as a complementary analysis to other Stock Yards' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Stock Yards' price analysis, check to measure Stock Yards' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stock Yards is operating at the current time. Most of Stock Yards' value examination focuses on studying past and present price action to predict the probability of Stock Yards' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stock Yards' price. Additionally, you may evaluate how the addition of Stock Yards to your portfolios can decrease your overall portfolio volatility.
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The data published in Stock Yards' official financial statements usually reflect Stock Yards' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Stock Yards Bancorp. For example, before you start analyzing numbers published by Stock accountants, it's critical to develop an understanding of what Stock Yards' liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of Stock Yards' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Stock Yards' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Stock Yards' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Stock Yards Bancorp. Please utilize our Beneish M Score to check the likelihood of Stock Yards' management manipulating its earnings.