Chubb Corp. Price Target Increased to $102.00 by Analysts at Argus (CB)
Equities researchers at Argus lifted their price target on shares of Chubb Corp. (NYSE:CB) from $95.00 to $102.00 in a research report issued on Tuesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 10.15% from the company’s current price.
Shares of Chubb Corp. (NYSE:CB) opened at 92.60 on Tuesday. Chubb Corp. has a 52-week low of $73.22 and a 52-week high of $90.64. The stock has a 50-day moving average of $85.40 and a 200-day moving average of $86.58. The company has a market cap of $23.317 billion and a price-to-earnings ratio of 12.96.
Chubb Corp. (NYSE:CB) last released its earnings data on Thursday, October 24th. The company reported $2.06 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Chubb Corp. will post $7.86 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Chubb Corp. from $92.00 to $98.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Chubb Corp. from $90.00 to $97.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $95.00.
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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