How Analysts Feel About The Travelers Companies, Inc. (TRV) After Forming Bearish Double Bottom Chart Pattern?

November 10, 2018 - By whatsonthorold

The Travelers Companies, Inc. (NYSE:TRV) Logo

The chart of The Travelers Companies, Inc. (TRV) shows a double bottom with $119.24 target or 9.00 % below today’s $131.03 share price. The 9 months chart pattern indicates high risk for the $34.71 billion company. It was reported on Nov, 10 by Finviz.com. If the $119.24 price target is reached, the company will be worth $3.12B less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.03% or $0.04 during the last trading session, reaching $131.03. About 1.38M shares traded. The Travelers Companies, Inc. (NYSE:TRV) has risen 3.60% since November 10, 2017 and is uptrending. It has underperformed by 12.02% the S&P500.

Analysts await The Travelers Companies, Inc. (NYSE:TRV) to report earnings on January, 22. They expect $3.08 earnings per share, up 35.09 % or $0.80 from last year’s $2.28 per share. TRV’s profit will be $815.85M for 10.64 P/E if the $3.08 EPS becomes a reality. After $2.54 actual earnings per share reported by The Travelers Companies, Inc. for the previous quarter, Wall Street now forecasts 21.26 % EPS growth.

The Travelers Companies, Inc. (NYSE:TRV) Ratings Coverage

Among 5 analysts covering Travelers Companies (NYSE:TRV), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Travelers Companies had 7 analyst reports since July 9, 2018 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, October 19 by Wells Fargo. The firm earned “Buy” rating on Thursday, July 12 by Citigroup. The rating was downgraded by Citigroup to “Neutral” on Friday, October 19. Barclays Capital maintained The Travelers Companies, Inc. (NYSE:TRV) rating on Monday, July 9. Barclays Capital has “Equal-Weight” rating and $135 target. The firm earned “Buy” rating on Monday, July 30 by Citigroup. The stock has “Neutral” rating by FBR Capital on Tuesday, August 7.

Another recent and important The Travelers Companies, Inc. (NYSE:TRV) news was published by Seekingalpha.com which published an article titled: “More on Travelers Q3” on October 18, 2018.

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance services and products to businesses, government units, associations, and individuals in the United states and internationally. The company has market cap of $34.71 billion. The firm operates through three divisions: Business and International Insurance, Bond & Specialty Insurance, and Personal Insurance. It has a 14.63 P/E ratio. The Business and International Insurance segment offers property and casualty products, including commercial multi-peril, commercial property, general liability, commercial automobile, and workers' compensation; and personal property, employers' liability, public and product liability, professional indemnity, commercial property, surety, marine, aviation, personal accident, and kidnap and ransom insurance.

The Travelers Companies, Inc. (NYSE:TRV) Ratings Chart

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