Fanhua (NASDAQ:FANH) Stock Rating Upgraded by Zacks Investment Research

Fanhua (NASDAQ:FANH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The firm presently has a $30.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.16% from the company’s current price.

According to Zacks, “Fanhua Inc. is a provider of financial services. Its product and services comprises property, casualty and life insurance products and insurance claims adjusting services. The company’s online segment includes CNpad, a mobile sales support application, Baoxian.com, an online entry portal for comparing and purchasing health, accident, travel and homeowner insurance products and eHuzhu a non-profit online mutual aid. Fanhua Inc. formerly known as CNinsure Inc. is headquatered in Guangzhou, China. “

A number of other analysts have also recently weighed in on FANH. ValuEngine cut shares of Fanhua from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Fanhua from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 6th. CICC Research cut shares of Fanhua from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 21st. Finally, Morgan Stanley initiated coverage on shares of Fanhua in a report on Monday, July 29th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.00.

Shares of FANH opened at $26.51 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. Fanhua has a twelve month low of $19.39 and a twelve month high of $35.55. The company’s fifty day simple moving average is $25.64 and its 200-day simple moving average is $29.05. The company has a market cap of $1.72 billion, a P/E ratio of 18.54 and a beta of 1.26.

Fanhua (NASDAQ:FANH) last released its quarterly earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). Fanhua had a net margin of 15.68% and a return on equity of 20.59%. The firm had revenue of $130.87 million during the quarter. Analysts predict that Fanhua will post 1.13 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Segantii Capital Management Ltd raised its position in shares of Fanhua by 16.7% in the 2nd quarter. Segantii Capital Management Ltd now owns 8,932 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 1,276 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Fanhua in the 2nd quarter valued at approximately $69,000. Aperio Group LLC purchased a new position in shares of Fanhua in the 2nd quarter valued at approximately $89,000. AQR Capital Management LLC raised its position in shares of Fanhua by 4.1% in the 2nd quarter. AQR Capital Management LLC now owns 69,976 shares of the financial services provider’s stock valued at $2,342,000 after purchasing an additional 2,764 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fanhua in the 2nd quarter valued at approximately $112,000. 29.33% of the stock is owned by hedge funds and other institutional investors.

Fanhua Company Profile

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.

Featured Article: What is a Candlestick Chart?

Get a free copy of the Zacks research report on Fanhua (FANH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fanhua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanhua and related companies with MarketBeat.com's FREE daily email newsletter.