The Travelers Companies Rating Increased to Outperform at Sanford C. Bernstein (TRV)
The Travelers Companies (NYSE: TRV) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday.
A number of other analysts have also recently weighed in on TRV. Analysts at Deutsche Bank (NYSE: DB) upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note to investors on Thursday, April 26th. They now have a $62.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of The Travelers Companies from $62.00 to $66.00 in a research note to investors on Friday, April 20th. They now have a “neutral” rating on the stock. Finally, analysts at Drexel Hamilton raised their price target on shares of The Travelers Companies from $64.00 to $74.00 in a research note to investors on Friday, April 20th. They now have a “buy” rating on the stock.
Shares of The Travelers Companies traded down 0.53% during mid-day trading on Tuesday, hitting $64.26. The Travelers Companies has a 52 week low of $45.97 and a 52 week high of $64.99. The company has a market cap of $25.000 billion and a P/E ratio of 19.20.
The company last announced its quarterly results on Thursday, April 19th. It reported $2.02 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.53 EPS by $0.49. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that The Travelers Companies will post $1.28 earnings per share next quarter.
The Travelers Companies, Inc. (TRV) is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals.