ageas SA/NV (OTCMKTS:AGESY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of ageas SA/NV (OTCMKTS:AGESYGet Rating) from a sell rating to a hold rating in a report published on Monday morning, 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 analysts have also weighed in on AGESY. UBS Group dropped their target price on shares of ageas SA/NV from €45.70 ($47.60) to €44.50 ($46.35) in a research report on Wednesday, March 2nd. HSBC lowered shares of ageas SA/NV from a buy rating to a hold rating and set a $52.50 target price for the company. in a research report on Monday, January 17th. Credit Suisse Group upped their target price on shares of ageas SA/NV from €38.50 ($40.10) to €42.70 ($44.48) and gave the stock an underperform rating in a research report on Thursday, May 12th. Finally, Morgan Stanley upped their target price on shares of ageas SA/NV from €58.00 ($60.42) to €59.00 ($61.46) and gave the stock an overweight rating in a research report on Thursday, February 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $50.94.

AGESY opened at $46.54 on Monday. The firm has a market cap of $8.89 billion, a P/E ratio of 9.03, a PEG ratio of 1.13 and a beta of 0.77. ageas SA/NV has a 1-year low of $42.05 and a 1-year high of $67.11. The company has a 50 day simple moving average of $49.26 and a two-hundred day simple moving average of $50.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05.

ageas SA/NV (OTCMKTS:AGESYGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.13. The business had revenue of $4.38 billion during the quarter. ageas SA/NV had a net margin of 6.45% and a return on equity of 5.70%. Equities analysts anticipate that ageas SA/NV will post 5.18 earnings per share for the current year.

ageas SA/NV Company Profile (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.

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