Noticeable News of Stock – Erie Indemnity Company (NASDAQ:ERIE)

Erie Indemnity Company (NASDAQ:ERIE) stock price moved down at -2.47% on Thursday. Its total market capitalization is $5841823782. Its day lowest price was $110.76 and its hit its day highest price at $116.26. The stock recent volume is 24768 shares in comparison to its average trading volume of 28369 shares. Looking at the stock’s price level on the past 52-week graph, ERIE recorded a 52-week high of $129.73 and its 52-week low of $106.63.

Erie Indemnity Company (NASDAQ:ERIE) declared financial results for the full year and quarter ending December 31, 2017.  Net income was $197.0 million, or $3.76 per diluted share, for the full year 2017, compared to $210.4 million, or $4.01 per diluted share, in 2016.  Net income was $32.1 million, or $0.61 per diluted share, in the fourth quarter of 2017, compared to $45.8 million, or $0.87 per diluted share, in the fourth quarter of 2016.  Net income was reduced by $10.1 million for the fourth quarter and year ended December 31, 2017 due to the enactment of the Tax Cuts and Jobs Act (“TCJA”) on December 22, 2017, which reduced fourth quarter and full year Class A diluted earnings per share by $0.19.

Taking a deeper look into the technical levels of Erie Indemnity Company (ERIE) it is revealed that the stock has been noticed trading -2.79% away from the 20-day moving average. Going toward to the 50-day, we can see that shares are currently trading -4.55% off of that figure. Zooming out to the 200-day moving average, shares have been seen trading -7.15% away from that value.

Wall Street analysts have a consensus target price of $115. Target predictions might differ vastly from analyst to analyst. This target is applying estimates from analysts compiled by Finviz. In terms of analyst’s ratings score, the company has a mean rating of 2.  This is based on a 1-5 numeric scale where 5 stand for a Strong Buy, 3 means Hold and 1 signify a Strong Sell.

In related news report, Erie Insurance has selected Kim Kaercher as Corporate Marketing Officer with oversight of ERIE’s marketing strategy and functions. Kaercher’s diverse background spans advertising, marketing, communications, program management and strategy development. Before coming to ERIE, she served as marketing manager at two national companies where her responsibilities included the development and execution of marketing and advertising campaigns and brand strategy.

When looking at technical movement it is important to consider the moving averages of the security. We see here that the stock is -2.79% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -4.55% from current levels.  Further back, their 200-Day Simple Moving Average is -7.15% difference from today’s price.  Currently, the stock is 4.78% from its 50-Day High and -10.48% from the 50-day low.

About the Author

Jose Tuttle
Jose Tuttle
Jose Tuttle joined the mostvolatilestocks.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Jose is the Senior Editor for mostvolatilestocks.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children. Email Contact -  Jose@mostvolatilestocks.com.

Be the first to comment on "Noticeable News of Stock – Erie Indemnity Company (NASDAQ:ERIE)"

Leave a comment

Your email address will not be published.


*