ageas SA/NV (OTCMKTS:AGESY) Stock Rating Update by Zacks Investment Research
According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its commercial activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas manages partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “
A number of other equity analysts also weighed in on AGESY. UBS Group lowered its price target on ageas SA/NV shares from €45.70 ($47.60) to €44.50 ($46.35) in a research report on Wednesday March 2. HSBC downgraded ageas SA/NV shares from a buy rating to a hold rating and set a target price of $52.50 for the company. in a research report on Monday, January 17. Credit Suisse Group raised its target price on ageas SA/NV shares from €38.50 ($40.10) to €42.70 ($44.48) and assigned the stock a rating of of underperformance in a Thursday, May 12, research report. Finally, Morgan Stanley raised its target price on ageas SA/NV shares from €58.00 ($60.42) to €59.00 ($61.46) and assigned the stock a rating of overweight in a Thursday, February 24, research report. Two equity research analysts rated the stock with a sell rating, four gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $50.94.
AGESY opened at $46.54 on Monday. The company has a market capitalization of $8.89 billion, a P/E ratio of 9.03, a PEG ratio of 1.13 and a beta of 0.77. ageas SA/NV has a 1 year minimum of $42.05 and a 1 year maximum of $67.11. The company has a 50-day simple moving average of $49.26 and a two-hundred-day simple moving average of $50.16. The company has a debt ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05.
ageas SA/NV (OTCMKTS: AGESY – Get a rating) last released its quarterly results on Wednesday, February 23. The financial services provider reported earnings per share of $1.70 for the quarter, beating analyst consensus estimates of $1.57 by $0.13. The company had revenue of $4.38 billion in the quarter. ageas SA/NV achieved a net margin of 6.45% and a return on equity of 5.70%. Equity analysts expect ageas SA/NV to post earnings per share of 5.18 for the current year.
Company Profile ageas SA/NV (Get a rating)
ageas SA/NV, together with its subsidiaries, conducts insurance business in Europe and Asia. The company mainly offers property and casualty and life insurance products, as well as retirement products; and reinsurance products. Its life insurance products include risks relating to the life and death of people; and non-life insurance products include accident and health, auto, fire and other insurance products, as well as other property damage covering the risk of property loss or liability.
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