Stock To Watch: RenaissanceRe Holdings Ltd. (NYSE:RNR)


The leading market experts have placed a mean price target of $115.00 on RenaissanceRe Holdings Ltd. (NYSE:RNR) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.73 a share for the upcoming quarter and $7.80 for the current fiscal. Technical View The technical analysis of RenaissanceRe Holdings Ltd. Com plainly substantiates that the 50-day moving average of RenaissanceRe Holdings Ltd. Com is $114.66, and stock is hovering 1.31 or +1.14% distant from $114.66. It is noted that the 200-day MA is $114.19, and RenaissanceRe Holdings Ltd. Com stock is $1.78 or +1.56% off from this point. RenaissanceRe Holdings Ltd. (NYSE:RNR) 52-week high is $121.38 and the 52-week low is $99.35. This explains if the stock moves $-5.41, it will post a 52-week high. In event of $+16.73% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of RenaissanceRe Holdings Ltd. Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, RenaissanceRe Holdings Ltd. (NYSE:RNR) ratio came in at 14.07. The stock last ended the trading session at $115.97 and registered a market cap of $5.00B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. RenaissanceRe Holdings Ltd. (NYSE:RNR) PEG ratio is at 3.14.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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