In a report issued on August 15, Ryan Krueger from KBW reiterated a Buy rating on Athene Holding Ltd (NYSE: ATH), with a price target of $64. The company’s shares opened today at $49.47.
According to TipRanks.com, Krueger is a 4-star analyst with an average return of 13.4% and a 67.0% success rate. Krueger covers the Financial sector, focusing on stocks such as American Equity Investment Life, Brighthouse Financial Inc, and Prudential Financial Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athene Holding Ltd with a $59.17 average price target, a 19.6% upside from current levels. In a report issued on August 3, RBC Capital also reiterated a Buy rating on the stock with a $58 price target.
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Based on Athene Holding Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.8 billion and net profit of $264 million. In comparison, last year the company earned revenue of $1.77 billion and had a net profit of $326 million.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.
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Athene Holding Ltd. is engaged in providing retirement services. It issues and reinsures retirement savings products and institutional products. The company operates corporate activities and German operations, which comprises of participating long-duration saving products.
