State Auto Financial Corp. Price Target Cut to $21.00 by Analysts at Sandler O’Neill (STFC)
Analysts at Sandler O’Neill reduced their price objective on shares of State Auto Financial Corp. (NASDAQ:STFC) from $23.00 to $21.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s price target points to a potential upside of 0.29% from the company’s current price.
State Auto Financial Corp. (NASDAQ:STFC) traded up 2.55% during mid-day trading on Monday, hitting $20.94. The stock had a trading volume of 59,508 shares. State Auto Financial Corp. has a 52-week low of $13.93 and a 52-week high of $23.10. The stock has a 50-day moving average of $19.59 and a 200-day moving average of $18.66. The company has a market cap of $850.8 million and a price-to-earnings ratio of 20.02.
State Auto Financial Corp. (NASDAQ:STFC) last announced its earnings results on Thursday, August 1st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.11. The company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $266.80 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that State Auto Financial Corp. will post $1.17 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of State Auto Financial Corp. (NASDAQ:STFC) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 2nd. They now have a $23.40 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of State Auto Financial Corp. (NASDAQ:STFC) from $17.00 to $21.50 in a research note to investors on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.10.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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