Validus Holdings (VR) Posts Quarterly Results
Validus Holdings (NYSE:VR) issued its quarterly earnings data on Thursday. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.15, StockRatingsNetwork.com reports.
Validus Holdings (NYSE:VR) traded down 1.02% during mid-day trading on Thursday, hitting $37.71. 1,054,423 shares of the company’s stock traded hands. Validus Holdings has a 52 week low of $33.40 and a 52 week high of $40.71. The stock has a 50-day moving average of $37.51 and a 200-day moving average of $38.03. The company has a market cap of $3.521 billion and a P/E ratio of 7.71.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Validus Holdings from $44.00 to $42.00 in a research note on Monday, February 3rd. Analysts at Zacks downgraded shares of Validus Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 28th. They now have a $44.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.50.
Validus Holdings, Ltd. is a holding company. The Company, through its subsidiaries, provides reinsurance coverage in the property, marine and specialty lines markets and insurance coverage in the same markets.
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