American Equity Investment Life Holding Given “Buy” Rating at FBR Capital Markets (AEL)
American Equity Investment Life Holding (NYSE:AEL)‘s stock had its “buy” rating restated by investment analysts at FBR Capital Markets in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a $23.00 price objective on the stock. FBR Capital Markets’ price target would indicate a potential upside of 7.78% from the stock’s previous close.
A number of other firms have also recently commented on AEL. Analysts at SunTrust raised their price target on shares of American Equity Investment Life Holding (NYSE:AEL) from $25.00 to $27.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of American Equity Investment Life Holding (NYSE:AEL) from $15.00 to $16.00 in a research note to investors on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.05.
In other American Equity Investment Life Holding news, VP Ronald James Grensteiner sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $21.17, for a total value of $317,550.00. Following the transaction, the vice president now directly owns 71,275 shares in the company, valued at approximately $1,508,892. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of American Equity Investment Life Holding (NYSE:AEL) traded up 0.05% during mid-day trading on Wednesday, hitting $21.34. The stock had a trading volume of 617,575 shares. American Equity Investment Life Holding has a 52 week low of $10.56 and a 52 week high of $21.42. The stock has a 50-day moving average of $20. and a 200-day moving average of $17.20. The company has a market cap of $1.370 billion and a P/E ratio of 8.37.
American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.06. The company had revenue of $438.90 million for the quarter, compared to the consensus estimate of $358.71 million. During the same quarter last year, the company posted $0.43 earnings per share. American Equity Investment Life Holding’s revenue was up 127.4% compared to the same quarter last year. Analysts expect that American Equity Investment Life Holding will post $1.90 EPS for the current fiscal year.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products.
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