Markel Corp. Stock Rating Upgraded by Zacks (MKL)
Markel Corp. (NYSE:MKL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a $581.30 target price on the stock. Zacks‘ target price would suggest a potential upside of 5.31% from the stock’s previous close.
Shares of Markel Corp. (NYSE:MKL) traded up 1.72% during mid-day trading on Thursday, hitting $561.40. 53,387 shares of the company’s stock traded hands. Markel Corp. has a 1-year low of $477.00 and a 1-year high of $582.59. The stock has a 50-day moving average of $559. and a 200-day moving average of $538.6. The company has a market cap of $7.852 billion and a P/E ratio of 24.55.
Markel Corp. (NYSE:MKL) last issued its quarterly earnings data on Monday, February 10th. The company reported $6.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $5.77 by $1.18. The company had revenue of $1.28 billion for the quarter. During the same quarter last year, the company posted $6.23 earnings per share. Markel Corp.’s revenue was up 58.4% compared to the same quarter last year. On average, analysts predict that Markel Corp. will post $24.23 earnings per share for the current fiscal year.
Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products.
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