NASDAQ:CARE - Carter Bankshares Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $14.63
  • Forecasted Upside: 8.82 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$13.44
▼ -0.36 (-2.61%)
1 month | 3 months | 12 months
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Analyst Price Target for CARE

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$14.63
▲ +8.82% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Carter Bankshares in the last 3 months. The average price target is $14.63, with a high forecast of $16.25 and a low forecast of $13.00. The average price target represents a 8.82% upside from the last price of $13.44.
Buy
The current consensus among 3 investment analysts is to buy stock in Carter Bankshares. This rating has held steady since July 2019, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/29/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/27/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/26/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/25/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/23/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/21/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/22/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/21/2021

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/30/2021DA DavidsonUpgradeNeutral ➝ Buy$12.50 ➝ $16.25N/A
i
Rating by K. Fitzsimmons at DA Davidson
2/3/2021Raymond JamesBoost Price TargetOutperform$10.00 ➝ $13.00Low
i
1/7/2021DA DavidsonBoost Price Target$11.00 ➝ $13.25N/A
i
11/24/2020Janney Montgomery ScottUpgradeNeutral ➝ BuyHigh
i
9/9/2020Raymond JamesReiterated RatingBuyLow
i
5/1/2020DA DavidsonDowngradeBuy ➝ Neutral$10.50High
i
Rating by K. Fitzsimmons at DA Davidson
3/6/2020DA DavidsonUpgradeNeutral ➝ Buy$22.00 ➝ $19.00High
i
Rating by K. Fitzsimmons at DA Davidson
10/3/2019Raymond JamesInitiated CoverageOutperformHigh
i
8/14/2019BTIG ResearchUpgradeNeutral ➝ Buy$13.00Medium
i
7/22/2019DA DavidsonReiterated RatingNeutralLow
i
Rating by K. Fitzsimmons at DA Davidson
7/10/2019DA DavidsonInitiated CoverageNeutral ➝ Neutral$22.00Medium
i
4/15/2019FIG PartnersInitiated CoverageMarket Perform ➝ Market Perform$21.00Low
i
Rating by C. Marinac at FIG Partners
(Data available from 4/21/2016 forward)
Carter Bankshares logo
Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction and acquisition loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. The company operates through 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.
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Today's Range

Now: $13.44
$13.19
$13.82

50 Day Range

MA: $13.93
$12.13
$14.62

52 Week Range

Now: $13.44
$6.30
$14.94

Volume

30,154 shs

Average Volume

51,405 shs

Market Capitalization

$355.21 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.52

Frequently Asked Questions

What sell-side analysts currently cover shares of Carter Bankshares?

The following equities research analysts have issued stock ratings on Carter Bankshares in the last year: DA Davidson, Janney Montgomery Scott, Raymond James, and Zacks Investment Research.
View the latest analyst ratings for CARE.

What is the current price target for Carter Bankshares?

2 Wall Street analysts have set twelve-month price targets for Carter Bankshares in the last year. Their average twelve-month price target is $14.63, suggesting a possible upside of 8.8%. DA Davidson has the highest price target set, predicting CARE will reach $16.25 in the next twelve months. Raymond James has the lowest price target set, forecasting a price of $13.00 for Carter Bankshares in the next year.
View the latest price targets for CARE.

What is the current consensus analyst rating for Carter Bankshares?

Carter Bankshares currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CARE will outperform the market and that investors should add to their positions of Carter Bankshares.
View the latest ratings for CARE.

What other companies compete with Carter Bankshares?

How do I contact Carter Bankshares' investor relations team?

Carter Bankshares' physical mailing address is 1300 Kings Mountain Road, Martinsville VA, 24112. The company's listed phone number is 276-656-1776 and its investor relations email address is [email protected] The official website for Carter Bankshares is www.carterbankandtrust.com.