Travelers Cos. (NYSE:TRV) had its target price boosted by Barclays Capital from $97.00 to $100.00 in a report issued on Wednesday, Stock Ratings Network.com reports. They currently have an overweight rating on the stock.
A number of other analysts have also recently weighed in on TRV. Analysts at FBR Capital Markets upgraded shares of Travelers Cos. (NYSE:TRV) from a market perform rating to an outperform rating in a research note to investors on Thursday, September 19th. They now have a $94.00 price target on the stock, up previously from $84.00. Separately, analysts at Guggenheim initiated coverage on shares of Travelers Cos. (NYSE:TRV) in a research note to investors on Wednesday, September 18th. They set a neutral rating on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Travelers Cos. (NYSE:TRV) from an outperform rating to a market perform rating in a research note to investors on Thursday, September 12th. Eleven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $91.25.
Travelers Cos. (NYSE:TRV) opened at 84.06 on Wednesday. Travelers Cos. has a 52 week low of $67.77 and a 52 week high of $89.00. The stock has a 50-day moving average of $82.75 and a 200-day moving average of $83.38. The company has a market cap of $31.394 billion and a P/E ratio of 10.86.
Travelers Cos. (NYSE:TRV) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $2.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.59 by $0.54. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter last year, the company posted $1.26 earnings per share. Travelers Cos.’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Travelers Cos. will post $8.19 earnings per share for the current fiscal year.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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