Currently the Financials index is trading at 6603.36 with 67.43 changeSupported by a up-down ratio of 1.54x, total MFI closed at $12784.37mn. With respect to block trades, money flow ended $12319.21mn with tick up at $21158.25mn and tick down at $8839.04mn led an up /down ratio of 2.39x.
Firm has low ROE of -2.70% which represents net income over the last fiscal period. The weak longs were halted out of their rally on the second dips causing sharp price action in a very short time frame.
End of the day Friday, Dec 15 market cap stood at $9317.05 M , however we prefer enterprise value against market cap for fair value. Compared with broader market index assets beta is 1.03.
Analysts maintain their bullish sentiment with favourable outlook Analyst from Citigroup restated current rating of Neutral, further they updated price target on Property & Casualty Insurance coverage with 5.0% upside from 40 to 42Reported company’s assets to earnings indicates to play down the company’s profitability by destorting certain items.
Company’s current trade levels represent declines of under -23.31% from the 52 week high , this is normal market volatility , though company is near yearly low, it does not mean the prices have found its low . Also does not make the risk-reward ratio better.
Outlook is quantifying the growth and knowing what to expect as negative SMA continues . Expectations for earnings growth for 2017 have dropped below sector at -62.40%, however YOY earnings growth should improve .