American Equity Investment Life Holding Rating Lowered to Underperform at Zacks (AEL)
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.
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