Primerica Rating Increased to Outperform at Zacks (PRI)
Primerica (NYSE:PRI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, Stock Ratings News reports. The firm currently has a $48.30 price target on the stock. Zacks‘ price objective would suggest a potential upside of 6.98% from the stock’s previous close.
A number of other firms have also recently commented on PRI. Analysts at Sandler O’Neill raised their price target on shares of Primerica from $44.00 to $46.00 in a research note to investors on Friday. 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, January 15th. They now have a $51.00 price target on the stock, up previously from $46.00. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $43.61.
Shares of Primerica (NYSE:PRI) traded up 0.94% on Monday, hitting $45.15. 190,064 shares of the company’s stock traded hands. Primerica has a 1-year low of $30.81 and a 1-year high of $45.33. The stock’s 50-day moving average is $42.98 and its 200-day moving average is $41.22. The company has a market cap of $2.476 billion and a price-to-earnings ratio of 15.83.
Primerica (NYSE:PRI) last announced its 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.
Primerica, Inc (NYSE:PRI) is a distributor of financial products to middle income households in the United States and Canada.
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