At the time of writing, W.R. Berkley Corp [WRB] stock is trading at $58.59, up 2.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WRB shares have gain 2.39% over the last week, with a monthly amount drifted -2.95%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
W.R. Berkley Corp [NYSE: WRB] stock has seen the most recent analyst activity on December 05, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $65. Previously, Goldman upgraded its rating to Buy on November 25, 2024, and kept the price target unchanged to $69. On September 05, 2024, Barclays initiated with a Underweight rating and assigned a price target of $56 on the stock. TD Cowen started tracking the stock assigning a Buy rating and suggested a price target of $103 on July 01, 2024. Goldman downgraded its rating to a Neutral and reduced its price target to $83 on June 13, 2024. Evercore ISI downgraded its rating to In-line for this stock on January 09, 2024, and upped its price target to $79. In a note dated January 08, 2024, RBC Capital Mkts downgraded an Sector Perform rating on this stock but restated the target price of $73.
For the past year, the stock price of W.R. Berkley Corp fluctuated between $47.57 and $64.95. Currently, Wall Street analysts expect the stock to reach $64.4 within the next 12 months. W.R. Berkley Corp [NYSE: WRB] shares were valued at $58.59 at the most recent close of the market. An investor can expect a potential return of 9.92% based on the average WRB price forecast.
Analyzing the WRB fundamentals
According to W.R. Berkley Corp [NYSE:WRB], the company’s sales were 13.19B for trailing twelve months, which represents an 12.20% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.08%, 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 0.2 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 0.34.
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 57.52 points at the first support level, and at 56.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.14, and for the 2nd resistance point, it is at 59.69.
Ratios To Look Out For
It is important to note that W.R. Berkley Corp [NYSE:WRB] has a current ratio of 0.43. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 2.65 and price to earnings (TTM) ratio is 15.03.
