Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Rating Lowered by Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was downgraded by stock 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 Price Performance

Shares of PNGAY stock opened at $13.85 on Monday. The firm has a market cap of $126.59 billion, a P/E ratio of 5.86 and a beta of 0.37. 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 of $14.31 and a two-hundred day moving average of $14.87.

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

About Ping An Insurance Co. of China

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.