ACE Given “Hold” Rating at Citigroup Inc. (ACE)
ACE (NYSE:ACE)‘s stock had its “hold” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Tuesday, Stock Ratings Network reports. They currently have a $107.00 target price on the stock. Citigroup Inc.’s price objective points to a potential upside of 7.53% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of ACE in a research note on Tuesday, March 18th. They now have a $119.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of ACE from $110.00 to $109.00 in a research note on Thursday, January 30th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. ACE currently has an average rating of “Buy” and an average price target of $109.02.
ACE (NYSE:ACE) traded up 0.42% during mid-day trading on Tuesday, hitting $99.93. 1,230,322 shares of the company’s stock traded hands. ACE has a one year low of $84.73 and a one year high of $104.07. The stock’s 50-day moving average is $98.0 and its 200-day moving average is $97.64. The company has a market cap of $33.642 billion and a P/E ratio of 9.11.
ACE (NYSE:ACE) last issued its quarterly earnings data on Monday, January 27th. The company reported $2.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.01 by $0.38. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company posted $1.43 earnings per share. ACE’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that ACE will post $8.69 earnings per share for the current fiscal year.
ACE Ltd (NYSE:ACE) is a holding company of the ACE Group of Companies.
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