B.Riley FBR analyst Randy Binner maintained a Hold rating on American Equity Investment Life (NYSE:AEL) on Thursday, setting a price target of $23, which is approximately 6.54% below the present share price of $24.61.
Binner expects American Equity Investment Life to post earnings per share (EPS) of -$2.76 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in American Equity Investment Life, with an average price target of $24.5.
The analysts price targets range from a high of $26 to a low of $23.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of -$206.99 million and a net profit of $0. The company's market cap is $2.26 billion.
According to TipRanks.com, B.Riley FBR analyst Randy Binner is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.7% and a 61.48% success rate.
American Equity Investment Life Holding Co. engages in the development and sale of annuity and life insurance products through its subsidiaries. It focuses on issuing fixed index and fixed rate annuities. The company was founded by David J. Noble (NYSE:NE) on December 15, 1995 and is headquartered in West Des Moines, IA.