Primerica PT Raised to $43.00 (PRI)
Analysts at Keefe, Bruyette & Woods increased their price objective on shares of Primerica (NYSE:PRI) from $41.00 to $43.00 in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 0.53% from the company’s current price.
Shares of Primerica (NYSE:PRI) traded up 0.32% during mid-day trading on Monday, hitting $43.23. The stock had a trading volume of 148,240 shares. Primerica has a 1-year low of $27.22 and a 1-year high of $43.11. The stock’s 50-day moving average is $39.92 and its 200-day moving average is $37.46. The company has a market cap of $2.364 billion and a P/E ratio of 15.51.
Primerica (NYSE:PRI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $312.31 million for the quarter, compared to the consensus estimate of $316.78 million. During the same quarter last year, the company posted $0.71 earnings per share. Primerica’s revenue was up 3.9% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Primerica from $45.00 to $46.00 in a research note to investors on Thursday, August 8th. Analysts at UBS AG raised their price target on shares of Primerica from $37.00 to $41.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $41.17.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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