ACE Limited Receives Consensus Rating of “Buy” from Analysts (NYSE:ACE)
ACE Limited (NYSE:ACE) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are currently covering the stock, AmericanBankingNews.com reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $111.58.
ACE Limited (NYSE:ACE) opened at 99.98 on Monday. ACE Limited has a 1-year low of $87.11 and a 1-year high of $108.62. The stock’s 50-day moving average is $103.5 and its 200-day moving average is $100.4. The company has a market cap of $33.563 billion and a P/E ratio of 10.02.
ACE Limited (NYSE:ACE) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $2.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.29 earnings per share. ACE Limited’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that ACE Limited will post $9.11 EPS for the current fiscal year.
Separately, 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.
ACE Ltd (NYSE:ACE) is a holding company.
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