Zacks: Fanhua Inc (NASDAQ:FANH) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of Fanhua Inc (NASDAQ:FANH) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $38.00 for the company and are expecting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Fanhua an industry rank of 59 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on FANH shares. CICC Research lowered Fanhua from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 21st. BidaskClub raised Fanhua from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 6th. ValuEngine lowered Fanhua from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley started coverage on Fanhua in a research note on Monday, July 29th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research raised Fanhua from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Segantii Capital Management Ltd raised its holdings in shares of Fanhua by 16.7% in the second quarter. Segantii Capital Management Ltd now owns 8,932 shares of the financial services provider’s stock worth $299,000 after buying an additional 1,276 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Fanhua in the second quarter worth approximately $69,000. Aperio Group LLC purchased a new stake in shares of Fanhua in the second quarter worth approximately $89,000. AQR Capital Management LLC raised its holdings in shares of Fanhua by 4.1% in the second quarter. AQR Capital Management LLC now owns 69,976 shares of the financial services provider’s stock worth $2,342,000 after buying an additional 2,764 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fanhua in the second quarter worth approximately $112,000. Hedge funds and other institutional investors own 29.33% of the company’s stock.

NASDAQ:FANH opened at $26.51 on Friday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.54 and a beta of 1.26. Fanhua has a 1 year low of $19.39 and a 1 year high of $35.55. The business has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $29.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.87 and a quick ratio of 2.87.

Fanhua (NASDAQ:FANH) last posted its quarterly earnings data on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.13). The company had revenue of $130.87 million during the quarter. Fanhua had a net margin of 15.68% and a return on equity of 20.59%. As a group, analysts expect that Fanhua will post 1.13 earnings per share for the current fiscal year.

About Fanhua

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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