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Fidelity & Guaranty Life (NYSE:FGL) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $24.00 price target on the stock, up from their previous price target of $22.00. Credit Suisse’s price target would indicate a potential upside of 9.64% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of Fidelity & Guaranty Life (NYSE:FGL) traded down 1.98% on Tuesday, hitting $22.26. 139,404 shares of the company’s stock traded hands. Fidelity & Guaranty Life has a one year low of $18.12 and a one year high of $24.52. The stock’s 50-day moving average is $22.87 and its 200-day moving average is $20.91.

Fidelity & Guaranty Life (NYSE:FGL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.45. On average, analysts predict that Fidelity & Guaranty Life will post $1.84 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Macquarie downgraded shares of Fidelity & Guaranty Life from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $24.00 price target on the stock, up previously from $23.00. Separately, analysts at Sandler O’Neill initiated coverage on shares of Fidelity & Guaranty Life in a research note on Wednesday, January 22nd. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $23.25.

Fidelity & Guaranty Life is a holding company. The Company offers various types of fixed annuities and life insurance products through its insurance subsidiaries: Fidelity & Guaranty Life Insurance Company (NYSE:FGL) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance).

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