Bank of America has adjusted its price target for W. R. Berkley (WRB, Financial), reducing it from $73 to $68. Despite maintaining a Neutral rating on the company's stock, the financial institution has shared its updated outlook with investors.
W. R. Berkley's first-quarter results nominally exceeded the consensus expectations, yet did not meet Bank of America's forecast of $1.05 per share. This recent adjustment reflects a more cautious stance on the insurance company's upcoming performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for WR Berkley Corp (WRB, Financial) is $68.61 with a high estimate of $80.00 and a low estimate of $52.47. The average target implies an upside of 1.89% from the current price of $67.33. More detailed estimate data can be found on the WR Berkley Corp (WRB) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, WR Berkley Corp's (WRB, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for WR Berkley Corp (WRB, Financial) in one year is $66.96, suggesting a downside of 0.55% from the current price of $67.33. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the WR Berkley Corp (WRB) Summary page.
