Ping An Insurance Co. of China (OTCMKTS:PNGAY) Downgraded to Hold Rating by Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Ping An Insurance Co. of China Stock Up 0.1%

PNGAY stock opened at $13.85 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. Ping An Insurance Co. of China has a 1-year low of $12.84 and a 1-year high of $18.92. The firm has a fifty day moving average price of $14.31 and a two-hundred day moving average price of $14.87. The firm has a market cap of $126.59 billion, a price-to-earnings ratio of 5.86 and a beta of 0.37.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its earnings results on Thursday, August 20th. The company reported $0.98 earnings per share for the quarter. Ping An Insurance Co. of China had a net margin of 13.21% and a return on equity of 12.93%. The company had revenue of $55.38 billion for the quarter. Research analysts predict that Ping An Insurance Co. of China will post 2.55 EPS for the current year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group headquartered in Shenzhen, China. Founded in 1988, the company has developed from an insurance provider into an integrated financial services and technology group serving individuals, businesses and institutional customers.

Its core businesses include life and health insurance, property and casualty insurance, banking, asset management and trust services. Through its insurance operations, Ping An offers products such as life, medical, accident, auto and commercial coverage.