Chubb Corp. Price Target Raised to $97.00 at Keefe, Bruyette & Woods (CB)
Keefe, Bruyette & Woods raised their price objective on shares of Chubb Corp. (NYSE:CB) from $90.00 to $97.00 in a research note issued on Friday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 5.21% from the company’s current price.
Chubb Corp. (NYSE:CB) traded down 0.80% during mid-day trading on Friday, hitting $92.20. The stock had a trading volume of 1,731,047 shares. Chubb Corp. has a one year low of $73.22 and a one year high of $90.64. The stock’s 50-day moving average is $85.40 and its 200-day moving average is $86.58. The company has a market cap of $23.558 billion and a P/E ratio of 13.21.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.63 by $0.43. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Chubb Corp. will post $7.65 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Chubb Corp. from $105.00 to $107.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Chubb Corp. in a research note to investors on Friday, October 11th. They now have a $107.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Chubb Corp. in a research note to investors on Tuesday, August 27th. They now have a $101.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Chubb Corp. presently has a consensus rating of “Hold” and a consensus price target of $94.29.
The Chubb Corporation (NYSE:CB) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
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