Independent Stock Target Price and Analyst Consensus

INDB -  USA Stock  

USD 84.83  1.42  1.70%

The current analyst and expert consensus on Independent is Strong Buy, with 0 strong sell and 3 strong buy opinions. The current projected Independent target price consensus is 80.67 with 3 analyst opinions. The most common way Independent Bk Corp analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Independent executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Independent. We encourage you to use your own analysis of Independent Bk Corp to validate this buy or sell advice. Independent buy-or-sell recommendation module provides average expert sentiment on the projected Independent Bk Corp target price to derive its highest and lowest estimates based on projected price volatility of 10.066. Please see Macroaxis Advice on Independent to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Independent Analyst Recommendations 

 
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The current year Profit Margin is expected to grow to 0.30, whereas Gross Profit is forecasted to decline to about 401.2 M. Independent Long Term Debt is projected to decrease significantly based on the last few years of reporting. The past year's Long Term Debt was at 145.32 Million. The current year Accumulated Other Comprehensive Income is expected to grow to about 43.9 M, whereas Total Assets are forecasted to decline to about 11.4 B.

Independent Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Independent target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Independent target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of Opinions3
Lowered Outlook0
Raized Outlook0
Strong Buy
Most Independent analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Independent stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Independent Bk Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Independent Target Price Projection

Independent's current and average target prices are 84.83 and 80.67, respectively. The current price of Independent is the price at which Independent Bk Corp is currently trading. On the other hand, Independent's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Independent Market Quote on 23rd of October 2021

Low Price82.45Odds
High Price84.99Odds

84.83

Target Price

Analyst Consensus On Independent Target Price

Low Estimate70.0Odds
High Estimate90.0Odds
Number of Analysts3
Standard Deviation10.066

80.666

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Independent Bk Corp and the information provided on this page.

Independent Analyst Ratings

Independent's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Independent stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Independent's financials, market performance, and future outlook by experienced professionals. Independent's historical ratings below, therefore, can serve as a valuable tool for investors.

Average Consensus Estimates

About Independent Target Price Projections

Independent's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Independent Bk Corp and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Independent depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Independent Bk Corp
 2018 2019 2021 (projected)
PPandE Turnover4.295.084.95
Calculated Tax Rate22.024.2726.32

Additional Independent 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 Independent is a key component of Independent valuation and have some predictive power on the future returns of a Independent.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Independent's 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. Please use the tools below to analyze the current value of Independent in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
82.7884.4486.10
Details
Intrinsic
Valuation
LowReal ValueHigh
76.3587.9989.65
Details
Naive
Forecast
LowNext ValueHigh
80.0281.6883.34
Details
Earnings
Estimates (2)
LowProjected EPSHigh
4.484.504.52
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Independent. Your research has to be compared to or analyzed against Independent's peers to derive any actionable benefits. When done correctly, Independent's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Independent Bk Corp.

Currently Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Macroaxis Index
Invested over 100 shares
Please see Macroaxis Advice on Independent 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 Independent Bk Corp information on this page should be used as a complementary analysis to other Independent's 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Independent Stock analysis

When running Independent Bk Corp price analysis, check to measure Independent's 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 Independent is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
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The data published in Independent's official financial statements usually reflect Independent's 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 Independent Bk Corp. For example, before you start analyzing numbers published by Independent accountants, it's critical to develop an understanding of what Independent's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of Independent's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Independent's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Independent's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Independent Bk Corp. Please utilize our Beneish M Score to check the likelihood of Independent's management to manipulate its earnings.