W.R. Berkley Corp. [WRB] stock is trading at $55.18, up 0.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WRB shares have gain 2.05% over the last week, with a monthly amount glided 4.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
W.R. Berkley Corp. [NYSE: WRB] stock has seen the most recent analyst activity on July 01, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $103. Previously, Goldman downgraded its rating to Neutral on June 13, 2024, and dropped its price target to $83. On January 09, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $79 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform but stick to its price target of $73 on January 08, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and raised its price target to $80 on December 06, 2023. BofA Securities upgraded its rating to Buy for this stock on March 15, 2023, and downed its price target to $76. In a note dated January 20, 2023, BMO Capital Markets initiated an Market Perform rating and provided a target price of $76 on this stock.
W.R. Berkley Corp. [WRB] stock has fluctuated between $39.41 and $59.09 over the past year. Currently, Wall Street analysts expect the stock to reach $79.86 within the next 12 months. W.R. Berkley Corp. [NYSE: WRB] shares were valued at $55.18 at the most recent close of the market. An investor can expect a potential return of 44.73% based on the average WRB price forecast.
Analyzing the WRB fundamentals
W.R. Berkley Corp. [NYSE:WRB] reported sales of 12.82B for the trailing twelve months, which represents a growth of 10.62%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.21 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
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 54.32 points at the first support level, and at 53.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.67, and for the 2nd resistance point, it is at 56.17.
Ratios To Look Out For
For context, W.R. Berkley Corp.’s Current Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 2.70 and price to earnings (TTM) ratio is 14.49.
