Travelers Companies Inc Surpasses Analyst Target Price, What Comes Next?
Shares of Travelers Companies Inc (Symbol: TRV) recently traded at $262.69, exceeding the average analyst 12-month target price of $262.64. When this occurs, analysts typically respond in one of two ways: they may either downgrade their expectations due to valuation concerns or increase their target price to reflect positive business developments. The reaction often hinges on whether the fundamental aspects of the business are improving, suggesting that a higher target price might be justified.
Currently, 22 analysts within the Zacks coverage universe contribute to the average target. It’s important to note that this average is derived from various estimates. Some analysts set lower targets, with one estimating the price could drop to $203.00. Conversely, another analyst has a much more optimistic view, with a target as high as $310.00. The standard deviation among these targets is $24.104.
The rationale behind examining the average TRV price target is to aggregate multiple insights, thus incorporating a broad spectrum of opinions rather than relying on a single analyst’s views. As TRV has crossed this threshold, it prompts a critical evaluation for investors: Does this mean the stock is on its way to an even higher target, or has it become overpriced, suggesting it might be time to sell some shares? Below, we present a summary of recent analyst ratings for Travelers Companies Inc:
| Recent TRV Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 8 | 8 | 8 | 7 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 14 | 14 | 14 | 14 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 3 | 3 | 3 | 3 |
| Average rating: | 2.65 | 2.65 | 2.65 | 2.72 |
The average rating in the table is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. For more insights, check the latest Zacks research report on TRV — available for free.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
• Canadian Stocks Going Ex-Dividend
• Funds Holding FBYD
• STAG Dividend Growth Rate
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
