Symetra Financial Receives Average Recommendation of “Hold” from Brokerages (NYSE:SYA)
Symetra Financial (NYSE:SYA) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, American Banking & Market News reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.91.
A number of research firms have recently commented on SYA. Analysts at Sterne Agee reiterated an “underperform” rating on shares of Symetra Financial in a research note on Thursday. They now have a $19.00 price target on the stock, up previously from $18.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Symetra Financial from $22.00 to $23.00 in a research note on Wednesday, July 9th. Finally, 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.
Shares of Symetra Financial (NYSE:SYA) traded up 0.71% during mid-day trading on Friday, hitting $22.6599. 67,510 shares of the company’s stock traded hands. Symetra Financial has a 52 week low of $17.07 and a 52 week high of $23.29. The stock has a 50-day moving average of $22.3 and a 200-day moving average of $20.37. The company has a market cap of $2.626 billion and a P/E ratio of 11.68.
Symetra Financial (NYSE:SYA) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.37 earnings per share. Symetra Financial’s revenue was down 2.1% compared to the same quarter last year. Analysts expect that Symetra Financial will post $1.88 EPS for the current fiscal year.
Symetra Financial Corporation (NYSE:SYA) financial services company in the life insurance industry.
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