CNO Financial Group Surpasses Analyst Target Price – What’s Next for Investors?
In recent trading, shares of CNO Financial Group Inc (Symbol: CNO) have crossed above the average analyst 12-month target price of $40.71, trading at $41.08 per share. When a stock reaches the target set by an analyst, there are generally two possible reactions: a downgrade due to valuation concerns or an adjustment of the target price up. Ally reactions may also depend on recent developments within the company that could justify a higher price point.
The average price target for CNO Financial Group Inc is determined by seven analysts within the Zacks coverage universe. While this number reflects a collective view, individual targets can vary significantly. For instance, one analyst has set a target as low as $38.00, while another has projected a much higher price of $44.00. The standard deviation among these estimates is $1.889.
Investors often look to the average CNO price target as a way to gauge market sentiment by considering the diverse opinions of multiple experts. With CNO now trading above the $40.71 target price, investors face the critical decision of whether this is a temporary peak on the way to an even higher target or if the valuation has become inflated, suggesting it may be time to take profits. Below is a table detailing the current analyst ratings for CNO Financial Group Inc:
| Recent CNO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 5 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.88 | 2.86 | 2.86 | 2.86 |
The average rating shown in the last row of the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). Data was gathered through Zacks Investment Research via Quandl.com. Keep an eye on the latest Zacks research report on CNO — available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
