Zacks Investment Research upgraded shares of Allianz (OTCMKTS:ALIZY – Get Rating) from a hold rating to a strong-buy rating in a research report released on Friday morning, Zacks.com reports. The firm currently has $27.00 target price on the stock.
According to Zacks, “Allianz SE provides property-casualty insurance, life/health insurance, and asset management products and services together with its subsidiaries. Allianz SE is based in Munich, Germany. “
Several other equities research analysts also recently commented on ALIZY. Morgan Stanley decreased their target price on shares of Allianz from €275.00 ($302.20) to €250.00 ($274.73) and set an overweight rating for the company in a research report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Allianz from €250.00 ($274.73) to €260.00 ($285.71) and gave the stock a buy rating in a research report on Thursday, January 27th. Finally, Citigroup raised shares of Allianz from a neutral rating to a buy rating in a research report on Thursday, March 31st. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $179.00.
Allianz (OTCMKTS:ALIZY – Get Rating) last announced its quarterly earnings data on Thursday, February 17th. The company reported ($0.08) earnings per share for the quarter. Allianz had a net margin of 4.51% and a return on equity of 8.09%. The company had revenue of $35.89 billion for the quarter. Sell-side analysts forecast that Allianz will post 2.33 earnings per share for the current fiscal year.
Allianz Company Profile (Get Rating)
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.
- Get a free copy of the StockNews.com research report on Allianz (ALIZY)
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