CNA Financial Corp. Rating Reiterated by Deutsche Bank (CNA)
CNA Financial Corp. (NYSE:CNA)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Tuesday. They currently have a $48.00 target price on the stock, up from their previous target price of $47.00. Deutsche Bank’s price target points to a potential upside of 27.03% from the company’s current price.
Separately, analysts at Mediobanca SpA reiterated an “outperform” rating on shares of CNA Financial Corp. in a research note on Tuesday, May 13th. They now have a $12.62 price target on the stock, down previously from $14.83. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $35.51.
CNA Financial Corp. (NYSE:CNA) traded down 2.62% on Tuesday, hitting $37.15. The stock had a trading volume of 161,015 shares. CNA Financial Corp. has a one year low of $35.04 and a one year high of $43.65. The stock’s 50-day moving average is $39.60 and its 200-day moving average is $40.90. The company has a market cap of $10.028 billion and a P/E ratio of 14.72.
CNA Financial Corp. (NYSE:CNA) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.18. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that CNA Financial Corp. will post $3.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%.
CNA Financial Corporation (NYSE:CNA) is an insurance holding company.
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