Share on StockTwits
 

American Equity Investment Life Holding (NYSE:AEL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Monday, AR Network reports. They currently have a $20.60 price target on the stock. Zacks‘ price target would indicate a potential downside of 4.81% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets upgraded shares of American Equity Investment Life Holding from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $25.00 price target on the stock. Separately, analysts at Sandler O’Neill upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. American Equity Investment Life Holding presently has an average rating of “Hold” and an average target price of $23.92.

Shares of American Equity Investment Life Holding (NYSE:AEL) traded up 0.74% on Monday, hitting $21.80. The stock had a trading volume of 465,231 shares. American Equity Investment Life Holding has a 1-year low of $13.53 and a 1-year high of $26.46. The stock has a 50-day moving average of $22.81 and a 200-day moving average of $22.07. The company has a market cap of $1.556 billion and a price-to-earnings ratio of 6.40.

American Equity Investment Life Holding (NYSE:AEL) last announced its earnings results on Thursday, February 13th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $363.94 million for the quarter, compared to the consensus estimate of $304.00 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that American Equity Investment Life Holding will post $2.10 earnings per share for the current fiscal year.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products.

To view Zacks’ full report, visit www.zacks.com

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.