Stocks of Equitable Holdings Inc (NYSE:EQH) traded higher last session on Wall Street, up 2.41% to $33.60.
According to the data, Equitable Holdings Inc (NYSE:EQH) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $31.00, we find $36.00. Given the previous closing price of $32.81, this indicates a potential upside of 9.72 percent. EQH stock price is now 18.92% away from the 50-day moving average and 23.72% away from the 200-day moving average. The market capitalization of the company currently stands at $11.37B.
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A total of 3 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $36.00 as their price target over the next twelve months.
With the price target enhanced from $28 to $37, Jefferies Upgraded its rating from Hold to Buy for Equitable Holdings Inc (NYSE: EQH).
In other news, Pearson Mark, President and CEO sold 60,000 shares of the company’s stock on Dec 01. The stock was sold for $1,836,102 at an average price of $30.60. Upon completion of the transaction, the President and CEO now directly owns 657,858 shares in the company, valued at $22.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, President and CEO Pearson Mark sold 60,000 shares of the business’s stock. A total of $1,809,288 was realized by selling the stock at an average price of $30.15. This leaves the insider owning 677,858 shares of the company worth $22.78 million. Insiders disposed of 346,887 shares of company stock worth roughly $11.66 million over the past 1 year. A total of 0.44% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $32.65 for Equitable Holdings Inc (NYSE: EQH). During the past 12 months, Equitable Holdings Inc has had a low of $21.89 and a high of $33.24. According to the stock market information, the enterprise value for the company is $12.05B, which is based on a 10.14 price-to-earnings ratio, a 0.53 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for EQH is $28.25 and a two-hundred day moving average price translates $27.16 for the stock.
The latest earnings results from Equitable Holdings Inc (NYSE: EQH) was released for Sep, 2023. The net profit margin was 9.40% and return on equity was 48.48% for EQH. For the current quarter, analysts expect EQH to generate $3.54B in revenue.
Equitable Holdings Inc(EQH) Company Profile
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related solutions to various clients through institutional. The Protection Solutions segment provides life insurance products such as VUL insurance and IUL insurance and our employee benefits business on small and medium-sized businesses. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
