State Auto Financial Corp. Price Target Cut to $20.00 (STFC)
Equities researchers at Sandler O’Neill dropped their target price on shares of State Auto Financial Corp. (NASDAQ:STFC) from $21.00 to $20.00 in a research report issued on Tuesday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s price objective would indicate a potential upside of 4.77% from the company’s current price.
Shares of State Auto Financial Corp. (NASDAQ:STFC) traded up 1.01% during mid-day trading on Tuesday, hitting $19.09. The stock had a trading volume of 25,956 shares. State Auto Financial Corp. has a one year low of $13.93 and a one year high of $23.10. The stock has a 50-day moving average of $19.53 and a 200-day moving average of $18.83. The company has a market cap of $775.6 million and a price-to-earnings ratio of 18.53.
State Auto Financial Corp. (NASDAQ:STFC) last released its earnings data on Thursday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that State Auto Financial Corp. will post $1.33 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of State Auto Financial Corp. 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. from $17.00 to $21.50 in a research note to investors on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. State Auto Financial Corp. has an average rating of “Hold” and a consensus price target of $19.85.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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