PartnerRe Given New $115.00 Price Target at JMP Securities (PRE)
Research analysts at JMP Securities lifted their price target on shares of PartnerRe (NYSE:PRE) from $105.00 to $115.00 in a report released on Friday, AmericanBankingNews.com reports. JMP Securities’ target price suggests a potential upside of 15.05% from the company’s current price.
PRE has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of PartnerRe from $112.00 to $117.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. PartnerRe presently has an average rating of “Hold” and a consensus price target of $105.30.
PartnerRe (NYSE:PRE) opened at 99.96 on Friday. PartnerRe has a 52-week low of $83.09 and a 52-week high of $105.90. The stock’s 50-day moving average is $100.8 and its 200-day moving average is $94.49. The company has a market cap of $5.317 billion and a P/E ratio of 13.39.
PartnerRe (NYSE:PRE) last posted its quarterly earnings results 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 in the prior year, the company posted $3.90 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that PartnerRe will post $12.65 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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