Fanhua (NASDAQ:FANH) Stock Rating Upgraded by Zacks Investment Research

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Fanhua (NASDAQ:FANH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports. The firm currently has a $30.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 19.76% from the stock’s current price.

According to Zacks, “Fanhua Inc. is a provider of financial services. Its product and services comprises property, casualty and life insurance products and insurance claims adjusting services. The company’s online segment includes CNpad, a mobile sales support application, Baoxian.com, an online entry portal for comparing and purchasing health, accident, travel and homeowner insurance products and eHuzhu a non-profit online mutual aid. Fanhua Inc. formerly known as CNinsure Inc. is headquatered in Guangzhou, China. “

Several other analysts have also weighed in on FANH. ValuEngine lowered Fanhua from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. CICC Research lowered Fanhua from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 21st. Finally, BidaskClub raised Fanhua from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.00.

Fanhua stock opened at $25.05 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.52 and a beta of 1.24. Fanhua has a fifty-two week low of $19.39 and a fifty-two week high of $35.55. The stock’s fifty day moving average is $26.11 and its two-hundred day moving average is $28.99.

Fanhua (NASDAQ:FANH) last posted its earnings results on Wednesday, November 20th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The company had revenue of $115.19 million for the quarter, compared to analyst estimates of $135.82 million. Fanhua had a return on equity of 20.55% and a net margin of 14.71%. As a group, sell-side analysts forecast that Fanhua will post 1.44 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Aperio Group LLC purchased a new stake in shares of Fanhua in the second quarter valued at $89,000. JPMorgan Chase & Co. purchased a new stake in shares of Fanhua in the second quarter valued at $670,000. Quantamental Technologies LLC purchased a new stake in shares of Fanhua in the second quarter valued at $69,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fanhua in the second quarter valued at $112,000. Finally, Renaissance Technologies LLC lifted its position in shares of Fanhua by 242.4% in the second quarter. Renaissance Technologies LLC now owns 101,000 shares of the financial services provider’s stock valued at $3,380,000 after acquiring an additional 71,500 shares in the last quarter. 28.27% of the stock is currently owned by institutional investors.

Fanhua Company Profile

Fanhua Inc distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as group life and participating insurance products.

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