Equitable Holdings (EQH) Receives a Buy from Morgan Stanley

In a report released today, Bob Huang from Morgan Stanley maintained a Buy rating on Equitable Holdings, with a price target of $54.00.

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Huang covers the Financial sector, focusing on stocks such as Progressive, Voya Financial, and Prudential Financial. According to TipRanks, Huang has an average return of -5.0% and a 46.90% success rate on recommended stocks.

In addition to Morgan Stanley, Equitable Holdings also received a Buy from Wells Fargo’s Elyse Greenspan in a report issued on February 25. However, on February 26, TipRanks – OpenAI reiterated a Hold rating on Equitable Holdings (NYSE: EQH).

Based on Equitable Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.28 billion and a net profit of $215 million. In comparison, last year the company earned a revenue of $3.62 billion and had a net profit of $899 million

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQH in relation to earlier this year. Last month, Nick Lane, the President of Equitable Financial of EQH sold 17,199.00 shares for a total of $775,944.39.