Morningstar Issues “BBB” Credit Rating to CNA Financial Corp. (CNA)
CNA Financial Corp. (NYSE:CNA) has received a “BBB” credit rating from Morningstar. The firm’s “BBB” rating indicates that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a zero star rating.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of CNA Financial Corp. in a research note on Tuesday, August 5th. They now have a $48.00 price target on the stock, up previously from $47.00.
CNA Financial Corp. (NYSE:CNA) opened at 38.55 on Friday. CNA Financial Corp. has a 52-week low of $35.60 and a 52-week high of $43.65. The stock has a 50-day moving average of $38.45 and a 200-day moving average of $40.52. The company has a market cap of $10.406 billion and a price-to-earnings ratio of 13.52.
CNA Financial Corp. (NYSE:CNA) last released its earnings data on Monday, August 4th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.75 earnings per share. CNA Financial Corp.’s revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that CNA Financial Corp. will post $3.38 earnings per share for the current fiscal year.
CNA Financial Corporation (NYSE:CNA) is an insurance holding company.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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