American Equity Investment Life Holding Co [NYSE: AEL] gained 0.09% or 0.05 points to close at $56.16 with a heavy trading volume of 3933218 shares.
The daily chart for AEL points out that the company has recorded 6.42% gains over the past six months.
If we look at the average trading volume of 566.11K shares, AEL reached to a volume of 3933218 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about American Equity Investment Life Holding Co [AEL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AEL shares is $55.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AEL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for American Equity Investment Life Holding Co shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 14, 2023. The new note on the price target was released on June 28, 2023, representing the official price target for American Equity Investment Life Holding Co stock. Previously, the target price had yet another raise from $45 to $48, while Piper Sandler kept a Neutral rating on AEL stock.
The Average True Range (ATR) for American Equity Investment Life Holding Co is set at 0.37, with the Price to Sales ratio for AEL stock in the period of the last 12 months amounting to 2.64. The Price to Book ratio for the last quarter was 1.47. Price to Free Cash Flow for AEL in the course of the last twelve months was 1.15.
Trading performance analysis for AEL stock
American Equity Investment Life Holding Co [AEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.30. With this latest performance, AEL shares gained by 0.45% in over the last four-week period, additionally plugging by 6.42% over the last 6 months – not to mention a rise of 45.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AEL stock in for the last two-week period is set at 54.82, with the RSI for the last a single of trading hit 55.59, and the three-weeks RSI is set at 54.37 for American Equity Investment Life Holding Co [AEL]. The present Moving Average for the last 50 days of trading for this stock 55.83, while it was recorded at 56.26 for the last single week of trading, and 54.71 for the last 200 days.
American Equity Investment Life Holding Co [AEL]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Equity Investment Life Holding Co go to 26.81%.
An analysis of Institutional ownership at American Equity Investment Life Holding Co [AEL]
The top three institutional holders of AEL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AEL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AEL stock with ownership which is approximately 5.8386%.
