Equitable Holdings Inc (EQH) stock expected to rise by 10.38%: What’s driving the optimism?

At the time of writing, Equitable Holdings Inc [EQH] stock is trading at $36.24, up 1.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EQH shares have lost -2.21% over the last week, with a monthly amount glided 0.95%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Equitable Holdings Inc [NYSE: EQH] stock has seen the most recent analyst activity on January 03, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $36 from $35. Previously, Jefferies upgraded its rating to Buy on December 11, 2023, and elevated its price target to $37. On December 05, 2023, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $34 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $31 on October 05, 2023. Raymond James initiated its recommendation with a Mkt Perform. Jefferies downgraded its rating to Hold for this stock on December 09, 2022, and downed its price target to $34. In a note dated December 06, 2022, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $34 to $33.

For the past year, the stock price of Equitable Holdings Inc fluctuated between $21.89 and $38.44. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Equitable Holdings Inc [NYSE: EQH] shares were valued at $36.24 at the most recent close of the market. An investor can expect a potential return of 10.38% based on the average EQH price forecast.

Analyzing the EQH fundamentals

According to Equitable Holdings Inc [NYSE:EQH], the company’s sales were 12.34B for trailing twelve months, which represents an 16.30% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.48 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.54.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.92 points at the first support level, and at 35.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.42, and for the 2nd resistance point, it is at 36.60.

Ratios To Look Out For

It is important to note that Equitable Holdings Inc [NYSE:EQH] has a current ratio of 4.57. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 11.13 and price to earnings (TTM) ratio is 10.73.

Transactions by insiders

Recent insider trading involved Pearson Mark, President and CEO, that happened on Apr 15 ’24 when 30000.0 shares were sold. Chief Operating Officer, HURD JEFFREY J completed a deal on Apr 15 ’24 to sell 9969.0 shares. Meanwhile, President and CEO Pearson Mark sold 30000.0 shares on Apr 01 ’24.

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