PartnerRe PT Raised to $117.00 at Barclays (PRE)
Equities researchers at Barclays hoisted their price target on shares of PartnerRe (NYSE:PRE) from $112.00 to $117.00 in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential upside of 16.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners downgraded shares of PartnerRe from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $100.00 price target on the stock, down previously from $110.00. Separately, analysts at Zacks upgraded shares of PartnerRe from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, November 22nd. They now have a $119.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of PartnerRe from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 22nd. They now have a $114.00 price target on the stock, up previously from $108.00. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.22.
PartnerRe (NYSE:PRE) traded up 0.45% on Tuesday, hitting $100.88. The stock had a trading volume of 313,575 shares. PartnerRe has a 1-year low of $82.01 and a 1-year high of $105.90. The stock has a 50-day moving average of $100.8 and a 200-day moving average of $93.88. The company has a market cap of $5.366 billion and a price-to-earnings ratio of 13.43.
PartnerRe (NYSE:PRE) last released its earnings data on Monday, October 28th. The company reported $5.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.05 by $3.65. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $3.90 earnings per share. PartnerRe’s revenue was up 21.3% compared to the same quarter last year. Analysts expect that PartnerRe will post $12.50 earnings per share for the current fiscal year.
PartnerRe Ltd. (NYSE:PRE) is the ultimate holding company for its international reinsurance group.
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