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


The leading market experts have placed a mean price target of $117.89 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 $2.44 a share for the upcoming quarter and $7.32 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 $116.66, and stock is trading $0.34 points away or +0.29% from its 50-day moving average of $116.66. Further it is trading $1.86 or +1.61% away its 200-day moving average of $115.14. 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 $-4.38, it will post a 52-week high. In event of +17.77% 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 11.87.

The stock last ended the trading session at $117.00 and registered a market cap of $4.82B. 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 2.04.

1 Chart Pattern Every Investor Should Know

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