State Auto Financial Corp Hits New 1-Year High at $24.00 (STFC)
Shares of State Auto Financial Corp (NASDAQ:STFC) reached a new 52-week high on Tuesday , Analyst Ratings News reports. The company traded as high as $24.00 and last traded at $24.00, with a volume of 13,997 shares. The stock had previously closed at $23.43.
A number of analysts have recently weighed in on STFC shares. Analysts at Zacks downgraded shares of State Auto Financial Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $24.50 price target on the stock. Separately, analysts at TheStreet upgraded shares of State Auto Financial Corp from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Finally, analysts at Argus reiterated a “buy” rating on shares of State Auto Financial Corp in a research note on Tuesday, June 3rd. They now have a $26.00 price target on the stock, up previously from $25.00. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $23.25.
The stock’s 50-day moving average is $22.28 and its 200-day moving average is $21.24. The company has a market cap of $977.8 million and a price-to-earnings ratio of 14.08.
State Auto Financial Corp (NASDAQ:STFC) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.30. The company had revenue of $291.30 million for the quarter, compared to the consensus estimate of $285.60 million. During the same quarter last year, the company posted $0.38 earnings per share. State Auto Financial Corp’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that State Auto Financial Corp will post $1.56 earnings per share for the current fiscal year.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.