ACE Ltd. Hits New 52-Week High at $96.04 (ACE)
ACE (NYSE:ACE) set a new 52-week high during trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $96.04 and last traded at $95.51, with a volume of 775,028 shares. The stock had previously closed at $93.79.
A number of analysts have recently weighed in on ACE shares. Analysts at Miller Tabak downgraded shares of ACE from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 3rd. They now have a $96.35 price target on the stock, up previously from $91.50. Separately, analysts at Guggenheim initiated coverage on shares of ACE in a research note to investors on Wednesday, September 18th. They set a “buy” rating and a $129.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ACE in a research note to investors on Thursday, September 5th. They now have a $93.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $103.42.
ACE has a one year low of $75.95 and a one year high of $95.90. The stock’s 50-day moving average is $91.9 and its 200-day moving average is $90.69. The company has a market cap of $32.566 billion and a price-to-earnings ratio of 9.92.
ACE (NYSE:ACE) last announced its earnings results on Tuesday, July 23rd. The company reported $2.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.95 by $0.34. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company posted $2.17 earnings per share. ACE’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that ACE will post $8.63 EPS for the current fiscal year.
ACE Ltd (NYSE:ACE) is a holding company of the ACE Group of Companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.