Recent meaningful positive changes in fundamentals have benefitted Erie Indemnity Co (NASDAQ: ERIE): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
Erie Indemnity Co (NASDAQ: ERIE) has benefited from notable positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ERIE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Erie Indemnity has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Erie Indemnity has a very low Appreciation Score of 13 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.
Recent Price Action
Erie Indemnity Co (NASDAQ: ERIE) stock increased 1.8% on 8/21/24. The shares closed at $475.45. Moreover, unusually high trading volume at 174% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.7% during the last week.
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