Validus Holdings Upgraded to “Outperform” at Macquarie (VR)
Validus Holdings (NYSE:VR) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Separately, analysts at TheStreet downgraded shares of Validus Holdings to a “hold” rating in a research note to investors on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $41.00.
Validus Holdings (NYSE:VR) traded up 1.47% during mid-day trading on Wednesday, hitting $38.68. The stock had a trading volume of 110,568 shares. Validus Holdings has a 1-year low of $33.11 and a 1-year high of $40.06. The stock has a 50-day moving average of $36.43 and a 200-day moving average of $36.31. The company has a market cap of $3.861 billion and a P/E ratio of 11.19.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.15. The company had revenue of $580.90 million for the quarter, compared to the consensus estimate of $539.66 million. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Validus Holdings will post $5.42 earnings per share for the current fiscal year.
Validus Holdings, Ltd. is a holding company. The Company, through its subsidiaries, provides reinsurance coverage in the property, marine and specialty lines markets and insurance coverage in the same markets.
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