Zacks Lowers Markel to Underperform (MKL)
Markel (NYSE:MKL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday. They currently have a $657.50 target price on the stock. Zacks‘s target price would suggest a potential downside of 0.35% from the stock’s previous close.
Shares of Markel (NYSE:MKL) traded up 1.38% during mid-day trading on Monday, hitting $659.80. The stock had a trading volume of 32,002 shares. Markel has a 1-year low of $508.62 and a 1-year high of $666.00. The stock has a 50-day moving average of $645.1 and a 200-day moving average of $622.. The company has a market cap of $9.217 billion and a P/E ratio of 31.74.
Markel (NYSE:MKL) last released its earnings data on Wednesday, August 6th. The company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $5.79 by $3.13. On average, analysts predict that Markel will post $19.92 earnings per share for the current fiscal year.
Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products.
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