Partnerre Price Target Increased to $110.00 by Analysts at MLV & Co (PRE)
Research analysts at MLV & Co
increased their target price on shares of Partnerre (NYSE:PRE) from $100.00 to $110.00 in a report released on Tuesday, AnalystRatings.Net reports. The firm currently has a “fair value” rating on the stock. MLV & Co
‘s target price indicates a potential upside of 5.32% from the company’s current price.
PRE has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Partnerre in a research note on Tuesday. They now have a $110.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Partnerre from $100.00 to $110.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Partnerre in a research note on Tuesday. They now have a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $108.18.
Partnerre (NYSE:PRE) traded up 1.52% during mid-day trading on Tuesday, hitting $106.025. The stock had a trading volume of 294,855 shares. Partnerre has a 52 week low of $85.98 and a 52 week high of $105.90. The stock has a 50-day moving average of $101.7 and a 200-day moving average of $99.97. The company has a market cap of $5.476 billion and a P/E ratio of 9.87.
Partnerre (NYSE:PRE) last released its earnings data on Monday, April 28th. The company reported $3.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.56 by $0.80. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that Partnerre will post $9.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 15th.
PartnerRe Ltd. (NYSE:PRE) is the ultimate holding company for its international reinsurance group.
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