Expert Ratings For Corebridge Financial
Portfolio Pulse from Benzinga Insights
Corebridge Financial (NYSE:CRBG) received varied analyst ratings, with a shift towards more bullish views in the last quarter. Six analysts provided ratings, with recent updates showing an increase in the average 12-month price target to $31.0 from $27.17, indicating a 14.1% rise. The company offers retirement solutions and insurance products, facing a -33.9% revenue decline and a net margin of -44.81% as of December 31, 2023. Despite financial challenges, its ROE and ROA outperform industry averages, and it maintains a low debt-to-equity ratio.
April 05, 2024 | 7:00 pm
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POSITIVE IMPACT
Corebridge Financial's analyst ratings have improved, with a significant increase in the average price target. Despite a recent revenue decline, the company's strong ROE and ROA, along with a low debt-to-equity ratio, may attract investor interest.
The increase in the average price target by analysts suggests a positive outlook on CRBG's stock, potentially leading to short-term price appreciation. The company's financial performance indicators, such as ROE and ROA, despite a revenue decline, support a potentially strong market position, which could positively impact investor sentiment and stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100