Barclays Boosts Equitable (NYSE:EQH) Price Target to $43.00

Equitable (NYSE:EQHGet Rating) had its price target increased by equities research analysts at Barclays from $42.00 to $43.00 in a note issued to investors on Tuesday, The Fly reports. Barclays‘s target price indicates a potential upside of 39.16% from the company’s current price.

EQH has been the subject of a number of other research reports. Zacks Investment Research cut shares of Equitable from a “buy” rating to a “hold” rating in a research note on Tuesday, March 8th. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday. Jefferies Financial Group began coverage on shares of Equitable in a research note on Tuesday, January 25th. They issued a “buy” rating and a $44.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Equitable from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, January 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Equitable from $34.00 to $36.00 in a research note on Tuesday, January 4th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equitable presently has a consensus rating of “Buy” and an average price target of $44.09.

NYSE EQH opened at $30.90 on Tuesday. The company’s 50 day moving average is $32.15 and its 200-day moving average is $32.75. Equitable has a 12-month low of $27.53 and a 12-month high of $37.13. The firm has a market cap of $11.88 billion, a P/E ratio of 2.21 and a beta of 1.55.

Equitable (NYSE:EQHGet Rating) last posted its earnings results on Thursday, February 10th. The company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.03. During the same quarter in the prior year, the business posted $1.65 EPS. As a group, equities research analysts expect that Equitable will post 6.57 earnings per share for the current fiscal year.

In other news, COO Jeffrey J. Hurd sold 8,000 shares of the stock in a transaction on Monday, March 21st. The stock was sold at an average price of $31.74, for a total value of $253,920.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nick Lane sold 25,725 shares of the stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $31.52, for a total value of $810,852.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,725 shares of company stock valued at $4,073,472. 0.15% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of Equitable by 714.9% during the third quarter. First Horizon Advisors Inc. now owns 383 shares of the company’s stock valued at $45,000 after buying an additional 336 shares during the last quarter. CWM LLC purchased a new stake in shares of Equitable during the fourth quarter valued at $25,000. UMB Bank N A MO purchased a new stake in shares of Equitable during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Equitable during the fourth quarter valued at $27,000. Finally, D Orazio & Associates Inc. purchased a new stake in shares of Equitable during the third quarter valued at $25,000. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

About Equitable (Get Rating)

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.

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