Wall Street Zen Downgrades Tokio Marine (OTCMKTS:TKOMY) to Buy

Key Points

• Wall Street Zen has downgraded Tokio Marine (OTCMKTS:TKOMY) from a "strong-buy" rating to a "buy" rating, signaling a more cautious outlook on the stock.
• Zacks Research has also changed its stance, lowering its rating from "hold" to a "strong sell", contributing to an overall negative sentiment among analysts.
• Tokio Marine's stock is currently trading at $40.34, with a market capitalization of $78.02 billion and a trailing price-to-earnings ratio of 11.08.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Sunday.

Separately, Zacks Research cut shares of Tokio Marine from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tokio Marine presently has an average rating of "Reduce".

Tokio Marine Price Performance

Shares of TKOMY traded down $0.60 during mid-day trading on Friday, hitting $40.34. The company's stock had a trading volume of 124,388 shares, compared to its average volume of 113,118. The firm has a 50-day moving average price of $42.91 and a 200 day moving average price of $40.94. The stock has a market capitalization of $78.02 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.71 and a beta of 0.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.05 and a quick ratio of 0.05. Tokio Marine has a fifty-two week low of $30.14 and a fifty-two week high of $46.23.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $13.32 billion for the quarter. Tokio Marine had a net margin of 13.45% and a return on equity of 22.49%. On average, research analysts predict that Tokio Marine will post 3.51 EPS for the current fiscal year.

Tokio Marine Company Profile

Tokio Marine Holdings, Inc, together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business, fire, Internet and mobile, rental housing, and natural catastrophe risk insurance services, as well as insurance for retail and corporate fields.

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