Jefferies Group Weighs in on Allianz SE’s FY2017 Earnings (AZSEY)

Allianz SE (OTCMKTS:AZSEY) – Jefferies Group raised their FY2017 earnings estimates for Allianz in a report released on Monday. Jefferies Group analyst M. Cathcart now expects that the financial services provider will earn $1.85 per share for the year, up from their previous estimate of $1.84. Jefferies Group also issued estimates for Allianz’s FY2019 earnings at $2.22 EPS.

AZSEY has been the subject of several other reports. Barclays reaffirmed a “sell” rating on shares of Allianz in a research note on Monday, November 6th. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research note on Monday, November 13th. ValuEngine raised shares of Allianz from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Allianz in a research note on Monday, November 6th. Finally, Societe Generale raised shares of Allianz from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.00.

Allianz (AZSEY) opened at $23.40 on Tuesday. The firm has a market cap of $105,320.00, a price-to-earnings ratio of 13.46 and a beta of 1.14. Allianz has a 52 week low of $16.00 and a 52 week high of $23.83.

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About Allianz

Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.

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