ACE Limited Given Consensus Rating of “Buy” by Analysts (NYSE:ACE)
ACE Limited (NYSE:ACE) has earned a consensus rating of “Buy” from the fifteen analysts that are covering the company, American Banking and Market News reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $112.61.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ACE Limited in a research note on Thursday, July 24th. They now have a $108.00 price target on the stock, up previously from $100.00. Analysts at Zacks reiterated an “outperform” rating on shares of ACE Limited in a research note on Friday, June 13th. They now have a $124.00 price target on the stock.
ACE Limited (NYSE:ACE) opened at 100.21 on Monday. ACE Limited has a one year low of $87.11 and a one year high of $108.62. The stock’s 50-day moving average is $103.9 and its 200-day moving average is $100.4. The company has a market cap of $33.640 billion and a P/E ratio of 10.03.
ACE Limited (NYSE:ACE) last announced its earnings results on Tuesday, July 22nd. The company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.19. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that ACE Limited will post $9.10 earnings per share for the current fiscal year.
ACE Ltd (NYSE:ACE) is a holding company.
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