Ping An Insurance (Group) Company of China (PNGAY) Stock Forecast & Price Target

$11.68 -0.03 (-0.26%)

(As of 11/15/2024 ET)

Ping An Insurance (Group) Company of China - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 1 Analyst Ratings

Sell
0

Hold
1

Buy
0

Based on 1 Wall Street analysts who have issued ratings for Ping An Insurance (Group) Company of China in the last 12 months, the stock has a consensus rating of "Hold." Out of the 1 analysts, 1 has given a hold rating for PNGAY.

Consensus Price Target

N/A

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PNGAY Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
Strong Buy	0 Strong Buy rating(s)	N/A	N/A	N/A
Buy	0 Buy rating(s)	N/A	N/A	N/A
Hold	1 Hold rating(s)	N/A	N/A	N/A
Sell	0 Sell rating(s)	N/A	N/A	N/A
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Hold	N/A	N/A	N/A

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PNGAY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PNGAY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ping An Insurance (Group) Company of China Stock vs. The Competition

Type	Ping An Insurance (Group) Company of China	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	N/A	12.11% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent PNGAY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
10/22/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:33 PM ET.

Should I Buy Ping An Insurance (Group) Company of China Stock? PNGAY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 27, 2024. Please send any questions or comments about these Ping An Insurance (Group) Company of China pros and cons to contact@marketbeat.com.

Ping An Insurance (Group) Company of China
Bull Case

Here are some ways that investors could benefit from investing in Ping An Insurance (Group) Company of China, Ltd.:

Ping An Insurance (Group) Company of China, Ltd. saw a significant decrease in short interest, indicating potential positive market sentiment.
The company reported a dividend payout ratio of 32.82%, which may be attractive to income-seeking investors.
Ping An Insurance has a market capitalization of $82.54 billion, reflecting its size and stability in the market.
The stock price of Ping An Insurance (Group) Company of China, Ltd. traded at $9.03 on the latest trading day, potentially offering an entry point for investors.
The company operates through various segments including Life and Health Insurance, Property and Casualty Insurance, Banking, Asset Management, and Technology, providing diversification for investors.

Ping An Insurance (Group) Company of China
Bear Case

Investors should be bearish about investing in Ping An Insurance (Group) Company of China, Ltd. for these reasons:

Despite the decrease in short interest, the company's stock performance has shown volatility with a 12-month low of $7.60 and a high of $12.08.
The company's return on equity is 7.28%, which may be considered relatively low compared to industry peers.
Ping An Insurance (Group) Company of China, Ltd. has a debt-to-equity ratio of 0.80, indicating a moderate level of leverage that could pose risks in uncertain economic conditions.
The company's revenue for the latest quarter was $38.42 billion, which although substantial, may not meet growth expectations of some investors.
The stock's 50-day moving average is $8.88, potentially signaling short-term price fluctuations that could impact investor returns.

PNGAY Forecast - Frequently Asked Questions

: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ping An Insurance (Group) Company of China in the last twelve months. There is currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PNGAY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNGAY, but not buy additional shares or sell existing shares.
: According to analysts, Ping An Insurance (Group) Company of China's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Ping An Insurance (Group) Company of China's stock had 1 downgrade by analysts.
: Ping An Insurance (Group) Company of China has been rated by research analysts at Jefferies Financial Group in the past 90 days.
: Analysts like Ping An Insurance (Group) Company of China less than other "finance" companies. The consensus rating score for Ping An Insurance (Group) Company of China is 2.00 while the average consensus rating score for "finance" companies is 2.49. Learn more on how PNGAY compares to other companies.

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This page (OTCMKTS:PNGAY) was last updated on 11/17/2024 by MarketBeat.com Staff

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Ping An Insurance (Group) Company of China (PNGAY) Stock Forecast & Price Target