CNA Financial Corp. Downgraded to Neutral at Zacks (CNA)
CNA Financial Corp. (NYSE:CNA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, AR Network reports. They currently have a $41.90 price target on the stock. Zacks‘ price target indicates a potential upside of 5.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of CNA Financial Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 22nd. Finally, analysts at William Blair initiated coverage on shares of CNA Financial Corp. in a research note to investors on Thursday, September 12th. They set an “outperform” rating on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CNA Financial Corp. has an average rating of “Buy” and a consensus price target of $39.30.
CNA Financial Corp. (NYSE:CNA) traded up 0.40% on Tuesday, hitting $39.69. The stock had a trading volume of 77,300 shares. CNA Financial Corp. has a 52 week low of $25.95 and a 52 week high of $37.48. The stock’s 50-day moving average is $35.8 and its 200-day moving average is $33.75. The company has a market cap of $10.704 billion and a price-to-earnings ratio of 16.27.
CNA Financial Corp. (NYSE:CNA) last announced its earnings results on Monday, July 29th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.02. During the same quarter in the prior year, the company posted $0.62 earnings per share. Analysts expect that CNA Financial Corp. will post $3.06 EPS for the current fiscal year.
CNA Financial Corporation (NYSE:CNA) is an insurance holding company.
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