Primerica Inc Downgrade
In a note sent to clients and investors on Tuesday morning, professional analysts at Raymond James’s equity division downgraded Primerica Inc (NYSE:PRI)’s stock rating from Strong Buy to Outperform.
In spite of the firm’s rating downgrade NYSE:PRI is at the moment trading 0.26% higher at $46.49 as of 14:36 New York time. Primerica Inc.’s stock is down -13.63% in the last 200 days. It has underperformed the S&P500, which has dropped -1.19% in the same time period.
According to data compiled by Thomson Reuters, Primerica Inc (NYSE:PRI)’s stock is covered by 5 equity analysts across the Street, with 0 analysts giving it a Sell rating, 4 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $53.2, which reflects an upside potential of 14.43% over the current price.