Erie Indemnity Co [NASDAQ: ERIE] traded at a high on Friday, posting a 0.01 gain after which it closed the day’ session at $348.80.
The results of the trading session contributed to over 125929 shares changing hands. Over the past one week, the price volatility of Erie Indemnity Co stands at 1.76% while the volatility over the past one month is 2.00%.
The market cap for ERIE stock reached $16.24 billion, with 46.19 million shares outstanding and 25.16 million shares in the current float. Compared to the average trading volume of 146.85K shares, ERIE reached a trading volume of 125929 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Erie Indemnity Co [ERIE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ERIE shares is $115.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ERIE stock is a recommendation set at 2.00. 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.
Stifel Nicolaus have made an estimate for Erie Indemnity Co shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 08, 2010. The new note on the price target was released on October 10, 2008, representing the official price target for Erie Indemnity Co stock.
The Average True Range (ATR) for Erie Indemnity Co is set at 10.75, with the Price to Sales ratio for ERIE stock in the period of the last 12 months amounting to 4.16. The Price to Book ratio for the last quarter was 7.86, with the Price to Cash per share for the same quarter was set at 6.73. Price to Free Cash Flow for ERIE in the course of the last twelve months was 31.84.
How has ERIE stock performed recently?
Erie Indemnity Co [ERIE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.72. With this latest performance, ERIE shares dropped by -14.66% in over the last four-week period, additionally sinking by -16.24% over the last 6 months – not to mention a drop of -12.06% 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 ERIE stock in for the last two-week period is set at 36.70, with the RSI for the last a single of trading hit 33.40, and the three-weeks RSI is set at 38.73 for Erie Indemnity Co [ERIE]. The present Moving Average for the last 50 days of trading for this stock 389.44, while it was recorded at 358.64 for the last single week of trading, and 432.71 for the last 200 days.
Insider trade positions for Erie Indemnity Co [ERIE]
There are presently around $43.53%, or 79.85%% of ERIE stock, in the hands of institutional investors. The top three institutional holders of ERIE stocks are: PNC FINANCIAL SERVICES GROUP, INC. with ownership of 4.91 million shares, which is approximately 10.546%. VANGUARD GROUP INC, holding 2.47 million shares of the stock with an approximate value of $$894.25 million in ERIE stocks shares; and VANGUARD GROUP INC, currently with $$880.41 million in ERIE stock with ownership which is approximately 5.2166%.
