The Chubb Given Average Recommendation of “Hold” by Analysts (NYSE:CB)
Shares of The Chubb (NYSE:CB) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, American Banking News reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two 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 $93.00.
The Chubb (NYSE:CB) opened at 88.34 on Wednesday. The Chubb has a 52-week low of $82.80 and a 52-week high of $97.79. The stock’s 50-day moving average is $91.46 and its 200-day moving average is $89.86. The company has a market cap of $21.246 billion and a price-to-earnings ratio of 10.69.
The Chubb (NYSE:CB) last released its earnings data on Thursday, July 24th. The company reported $1.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.93 by $0.23. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $1.77 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that The Chubb will post $7.02 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of The Chubb in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, up previously from $94.00. Analysts at Barclays reiterated an “equal weight” rating on shares of The Chubb in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, down previously from $98.00.
The Chubb Corporation (NYSE:CB) is a holding company for several, separately organized, property and casualty insurance companies referred to informally as the Chubb Group of Insurance Companies (the P&C Group).
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