J.P. Morgan Keeps Their Buy Rating on Equitable Holdings (EQH)
In a report released today, Jimmy Bhullar from J.P. Morgan maintained a Buy rating on Equitable Holdings, with a price target of $58.00.
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Bhullar covers the Financial sector, focusing on stocks such as Allstate, Hartford Insurance, and Equitable Holdings. According to TipRanks, Bhullar has an average return of 5.9% and a 57.41% success rate on recommended stocks.
In addition to J.P. Morgan, Equitable Holdings also received a Buy from Barclays’s Alex Scott in a report issued yesterday. However, on the same day, TipRanks – PerPlexity upgraded Equitable Holdings (NYSE: EQH) to a Hold.
Based on Equitable Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.45 billion and a GAAP net loss of $1.31 billion. In comparison, last year the company earned a revenue of $3.08 billion and had a GAAP net loss of $134 million
Based on the recent corporate insider activity of 102 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, Mark Pearson, the President & CEO of EQH sold 5,862.00 shares for a total of $274,165.74.
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