Equitable Holdings Inc (NYSE: EQH): To Buy Or Not To Buy, That Is The Question

Equitable Holdings Inc (EQH) concluded trading on Thursday at a closing price of $40.52, with 1.99 million shares of worth about $80.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.48% during that period and on August 22, 2024 the price saw a gain of about 0.10%. Currently the company’s common shares owned by public are about 333.88M shares, out of which, 317.53M shares are available for trading.

Stock saw a price change of 1.35% in past 5 days and over the past one month there was a price change of -2.78%. Year-to-date (YTD), EQH shares are showing a performance of 21.68% which increased to 49.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.65 but also hit the highest price of $44.50 during that period. The average intraday trading volume for Equitable Holdings Inc shares is 2.54 million. The stock is currently trading 0.85% above its 20-day simple moving average (SMA20), while that difference is down -0.76% for SMA50 and it goes to 11.80% higher than SMA200.

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Equitable Holdings Inc (NYSE: EQH) currently have 333.88M outstanding shares and institutions hold larger chunk of about 99.86% of that.

The stock has a current market capitalization of $12.96B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 16.89, while it has posted earnings per share of $2.40 in the same period. Its PEG reads 0.89 while making debt-to-equity ratio of 2.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQH, volatility over the week remained 1.61% while standing at 2.52% over the month.

Stock’s fiscal year EPS is expected to rise by 31.36% while it is estimated to increase by 18.79% in next year. EPS is likely to grow at an annualized rate of 19.00% for next 5-years, compared to annual growth of 1.22% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on June 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $40 and $43 to it. Coverage by JP Morgan stated Equitable Holdings Inc (EQH) stock as a Neutral in their note to investors on January 03, 2024, suggesting a price target of $36 for the stock. On December 11, 2023, Jefferies Upgrade their recommendations, while on December 05, 2023, Keefe Bruyette Downgrade their ratings for the stock with a price target of $34. Stock get a Hold rating from Deutsche Bank on October 05, 2023.

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