Citigroup (NYSE:C) analyst Suneet Kamath maintained a Hold rating on American Equity Investment Life (NYSE:AEL) on Monday, setting a price target of $34, which is approximately 11.07% above the present share price of $30.61.
Kamath expects American Equity Investment Life to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in American Equity Investment Life, with an average price target of $33.75.
The analysts price targets range from a high of $36 to a low of $30.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.24 billion and a net profit of $0. The company's market cap is $2.92 billion.
According to TipRanks.com, Citigroup analyst Suneet Kamath is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.5% and a 61.54% 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 on December 15, 1995 and is headquartered in West Des Moines, IA.