Barclays analyst Alex Scott maintains $Equitable (EQH.US)$ with a buy rating, and maintains the target price at $61.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Equitable (EQH.US)$'s main analysts recently are as follows:
The long-term fundamental outlook for the life insurance sector is currently viewed with some pessimism; however, a more positive outlook is held in the near term. The favorable macroeconomic conditions, robust balance sheets, and the flexibility for share buybacks, coupled with current valuations, are expected to support further outperformance in life insurance stocks. The main concern is the potential deterioration in corporate credit, which could undermine this positive stance.
There is a prevailing optimism towards life insurers due to an anticipated improvement in free cash flow, benefits stemming from higher interest rates, substantial excess capital positions, robust group benefits earnings, and the potential for further reinsurance and merger activities. In contrast, the property and casualty sector is acknowledged as high-quality over the long term, yet it's currently traversing a more challenging phase of the underwriting cycle for property coverage. Additionally, the trend in casualty loss costs continues to present risks that might hinder more favorable developments.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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