Today Credit Suisse Reconfirms a “Neutral” Rating on Travelers Companies (NYSE:TRV) and a $125 Target Price



September 13, 2017 – By Louis Casey

 Today Credit Suisse Reconfirms a

Travelers Companies (NYSE:TRV) Rating Reaffirmed

In a research report shared with investors on Tuesday morning, The “Neutral” rating of Travelers Companies (NYSE:TRV) shares was reconfirmed at Credit Suisse, who now has a $125 target price per share on the stock. Credit Suisse’s target price per share suggests a possible upside of 2.06 % from the current stock price of the company.

Travelers Companies Inc (NYSE:TRV) Ratings Coverage

Among 16 analysts covering Travelers (NYSE:TRV), 5 have Buy rating, 3 Sell and 8 Hold. Therefore 31% are positive. Travelers has $150 highest and $92 lowest target. $120’s average target is -2.02% below currents $122.48 stock price. Travelers had 35 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Thursday, January 5 by Morgan Stanley. The firm has “Outperform” rating by Macquarie Research given on Tuesday, January 17. The firm earned “Neutral” rating on Tuesday, April 26 by Goldman Sachs. Argus Research upgraded Travelers Companies Inc (NYSE:TRV) on Monday, April 24 to “Buy” rating. The stock of Travelers Companies Inc (NYSE:TRV) has “Buy” rating given on Tuesday, May 23 by RBC Capital Markets. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, August 17 report. The firm has “Neutral” rating by Citigroup given on Wednesday, October 21. The stock has “Outperform” rating by BMO Capital Markets on Monday, December 12. The firm has “Neutral” rating given on Thursday, December 3 by Bank of America. RBC Capital Markets maintained it with “Buy” rating and $13500 target in Thursday, July 20 report.

The stock decreased 0.05% or $0.06 on September 12, reaching $122.48. About shares traded. Travelers Companies Inc (NYSE:TRV) has risen 9.71% since September 13, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.

The Travelers Companies, Inc. is a holding company. The company has market cap of $33.80 billion. The Company’s divisions include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. It has a 12.2 P/E ratio. Through its subsidiaries, it provides commercial and personal property and casualty insurance services and products.

More notable recent Travelers Companies Inc (NYSE:TRV) news were published by: Nasdaq.com which released: “The Travelers Companies, Inc. (TRV) Ex-Dividend Date Scheduled for September …” on September 06, 2017, also Businesswire.com with their article: “Travelers Europe Expands Web Experience for Solicitors” published on September 04, 2017, Nasdaq.com published: “Travelers Companies (TRV) Up 2.9% Since Earnings Report: Can It Continue?” on August 22, 2017. More interesting news about Travelers Companies Inc (NYSE:TRV) were released by: Marketwatch.com and their article: “Travelers’ stock slips after hurricane loss estimates, suspension of buyback …” published on September 12, 2017 as well as Marketwatch.com‘s news article titled: “Travelers’ stock paces the 27 Dow stocks gaining ground ahead of the open” with publication date: September 11, 2017.

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