The Goldman Sachs Group Begins Coverage on Allianz (OTCMKTS:ALIZY)

The Goldman Sachs Group began coverage on shares of Allianz (OTCMKTS:ALIZYGet Rating) in a research note issued to investors on Wednesday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Citigroup raised shares of Allianz from a neutral rating to a buy rating in a research note on Thursday, March 31st. Erste Group raised Allianz from a hold rating to a buy rating in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Allianz from €250.00 ($268.82) to €260.00 ($279.57) and gave the stock a buy rating in a research report on Thursday, January 27th. Zacks Investment Research cut Allianz from a hold rating to a strong sell rating in a research note on Tuesday. Finally, Morgan Stanley reduced their price target on Allianz from €275.00 ($295.70) to €250.00 ($268.82) and set an overweight rating for the company in a research report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $179.00.

OTCMKTS:ALIZY opened at $22.31 on Wednesday. Allianz has a 1-year low of $19.51 and a 1-year high of $26.85. The business’s 50-day moving average price is $23.10 and its two-hundred day moving average price is $23.61. The firm has a market capitalization of $91.12 billion, a price-to-earnings ratio of 11.80 and a beta of 1.20.

Allianz (OTCMKTS:ALIZYGet Rating) last released its earnings results 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 during the quarter. As a group, sell-side analysts expect that Allianz will post 2.23 EPS for the current 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.

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