FY2017 EPS Estimates for OVERSEA-CHINESE BK Lifted by Analyst (OVCHY)

OVERSEA-CHINESE BK (OTCMKTS:OVCHY) – Equities research analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for shares of OVERSEA-CHINESE BK in a note issued to investors on Monday. Jefferies Group analyst K. Guha now anticipates that the company will post earnings per share of $1.38 for the year, up from their previous forecast of $1.24.

Separately, Zacks Investment Research raised shares of OVERSEA-CHINESE BK from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday.

OVERSEA-CHINESE BK (OTCMKTS OVCHY) opened at $18.18 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $38,813.43 and a PE ratio of 14.13. OVERSEA-CHINESE BK has a 12 month low of $12.09 and a 12 month high of $18.95.

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About OVERSEA-CHINESE BK

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. Its Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; consumer loans, such as housing loans, car loans, and other personal loans; credit and debit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services.

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