Validus Holdings Downgraded to “Neutral” at Zacks (VR)
Validus Holdings (NYSE:VR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, ARN reports. They currently have a $44.00 price objective on the stock. Zacks‘ price objective would suggest a potential upside of 20.32% from the company’s current price.
Shares of Validus Holdings (NYSE:VR) traded up 0.85% on Tuesday, hitting $36.88. The stock had a trading volume of 211,085 shares. Validus Holdings has a 52-week low of $33.40 and a 52-week high of $40.71. The stock’s 50-day moving average is $38.36 and its 200-day moving average is $37.40. The company has a market cap of $3.666 billion and a price-to-earnings ratio of 11.61.
Separately, analysts at Barclays downgraded shares of Validus Holdings from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 7th. They now have a $42.00 price target on the stock, down previously from $45.00. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $41.17.
Validus Holdings, Ltd. is a holding company. The Company, through its subsidiaries, provides reinsurance coverage in the property, marine and specialty lines markets and insurance coverage in the same markets.
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