ACE Lowered to Hold at Sandler O’Neill (ACE)
ACE (NYSE:ACE) was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on ACE. Analysts at JMP Securities raised their price target on shares of ACE from $105.00 to $110.00 in a research note to investors on Wednesday. They now have a “market outperform” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of ACE from $105.00 to $115.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of ACE in a research note to investors on Wednesday. They now have a $109.00 price target on the stock, up previously from $105.00. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. ACE currently has an average rating of “Buy” and a consensus price target of $106.45.
ACE (NYSE:ACE) traded up 0.62% on Thursday, hitting $96.885. 127,505 shares of the company’s stock traded hands. ACE has a 1-year low of $74.82 and a 1-year high of $95.60. The stock has a 50-day moving average of $89.98 and a 200-day moving average of $89.68. The company has a market cap of $32.952 billion and a P/E ratio of 10.19.
ACE (NYSE:ACE) last announced its earnings results on Wednesday, October 23rd. The company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.45. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company posted $1.86 earnings per share. ACE’s revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that ACE will post $8.68 earnings per share for the current fiscal year.
ACE Ltd (NYSE:ACE) is a holding company of the ACE Group of Companies.
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