Zacks Investment Research Downgrades ageas SA/NV (OTCMKTS:AGESY) to Sell

Zacks Investment Research lowered shares of ageas SA/NV (OTCMKTS:AGESYGet Rating) from a hold rating to a sell rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its business activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability, and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “

A number of other equities research analysts have also recently issued reports on the stock. HSBC cut shares of ageas SA/NV from a buy rating to a hold rating and set a $52.50 price target on the stock. in a research note on Monday, January 17th. Morgan Stanley lifted their price target on shares of ageas SA/NV from €58.00 ($62.37) to €59.00 ($63.44) and gave the company an overweight rating in a research note on Thursday, February 24th. Finally, UBS Group dropped their price target on shares of ageas SA/NV from €45.70 ($49.14) to €44.50 ($47.85) in a research note on Wednesday, March 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $53.00.

AGESY opened at $47.68 on Friday. ageas SA/NV has a 12-month low of $42.05 and a 12-month high of $67.11. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9.11 billion, a PE ratio of 9.06, a P/E/G ratio of 1.30 and a beta of 0.77. The firm has a 50 day moving average of $49.19 and a two-hundred day moving average of $50.28.

ageas SA/NV (OTCMKTS:AGESYGet Rating) last posted its earnings results on Wednesday, February 23rd. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.13. The firm had revenue of $4.38 billion during the quarter. ageas SA/NV had a net margin of 6.12% and a return on equity of 6.01%. As a group, analysts predict that ageas SA/NV will post 4.98 EPS for the current fiscal year.

About ageas SA/NV (Get Rating)

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. Its life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire, and other insurance products, as well as other damages to property covering the risk of property losses or claims liabilities.

See Also

Get a free copy of the Zacks research report on ageas SA/NV (AGESY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for ageas SA/NV (OTCMKTS:AGESY)

Receive News & Ratings for ageas SA/NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ageas SA/NV and related companies with MarketBeat.com's FREE daily email newsletter.