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

Key Points

• Zacks Research upgraded Ping An Insurance (OTCMKTS:PNGAY) from a "strong sell" to a "hold" in a research note issued Wednesday.
• Recent results: Ping An reported $0.62 EPS and $34.43 billion in revenue for the quarter, with an 11.8% net margin and 10.91% return on equity; analysts forecast about $2.33 EPS for the current fiscal year.
• Valuation and trading metrics: The stock trades near $16.65 with a market cap of $152.18 billion and a PE of 8.28, and a 52‑week range of $11.50–$18.92 (50/200‑day moving averages ~$15.97/$16.30).

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Ping An Insurance Co. of China Stock Performance

OTCMKTS:PNGAY opened at $16.65 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $15.97 and a two-hundred day moving average of $16.30. The stock has a market capitalization of $152.18 billion, a PE ratio of 8.28 and a beta of 0.35. Ping An Insurance Co. of China has a fifty-two week low of $11.50 and a fifty-two week high of $18.92.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.62 earnings per share for the quarter. The company had revenue of $34.43 billion during the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. As a group, research analysts forecast that Ping An Insurance Co. of China will post 2.33 earnings per share for the current fiscal year.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country's first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.

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