Symetra Financial Hits New 1-Year High After Analyst Upgrade (SYA)
Symetra Financial (NYSE:SYA) shares hit a new 52-week high during mid-day trading on Wednesday after Keefe, Bruyette & Woods raised their price target on the stock from $22.00 to $23.00, American Banking News.com reports. The stock traded as high as $23.29 and last traded at $22.96, with a volume of 97,414 shares. The stock had previously closed at $23.06.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Symetra Financial in a research note on Tuesday, July 1st. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Zacks downgraded shares of Symetra Financial from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $24.40 price target on the stock. Finally, analysts at Zacks upgraded shares of Symetra Financial from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $22.20 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.23.
The stock’s 50-day moving average is $21.95 and its 200-day moving average is $20.21. The company has a market cap of $2.659 billion and a price-to-earnings ratio of 11.97.
Symetra Financial (NYSE:SYA) last released its earnings data on Wednesday, April 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $545.50 million for the quarter, compared to the consensus estimate of $531.12 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts predict that Symetra Financial will post $1.89 earnings per share for the current fiscal year.
Symetra Financial Corporation (NYSE:SYA) financial services company in the life insurance industry.
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