Primerica PT Raised to $46.00 at Sandler O’Neill (PRI)
Investment analysts at Sandler O’Neill boosted their price objective on shares of Primerica (NYSE:PRI) from $44.00 to $46.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. Sandler O’Neill’s price objective suggests a potential upside of 2.84% from the stock’s previous close.
Shares of Primerica (NYSE:PRI) traded up 0.78% during mid-day trading on Friday, hitting $45.08. 122,086 shares of the company’s stock traded hands. Primerica has a one year low of $30.81 and a one year high of $45.18. The stock has a 50-day moving average of $42.91 and a 200-day moving average of $41.16. The company has a market cap of $2.472 billion and a price-to-earnings ratio of 15.83.
Primerica (NYSE:PRI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.02. The company had revenue of $319.46 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Primerica will post $2.92 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Primerica from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday. They now have a $51.00 price target on the stock, up previously from $46.00. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Primerica from $41.00 to $43.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $42.83.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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