Is Erie Indemnity Company (ERIE) Stock Cheap Or Risky?


As of Wednesday close, Erie Indemnity Company’s (NASDAQ:ERIE) stock was up $4.82, moving up 1.80 percent to $272.73. The average number of shares traded per day over the past five days has been 87,020 shares. 5 times new highs have been achieved over the past 5 days, with a $8.71 gain in that time frame. In the last twenty days, the average volume was 77,945, while in the previous 50 days, it was 69,344.

Since last month, ERIE stock rose 15.78%. Shares of the company fell to $231.70 on 10/25/22, the lowest level in the past month. A 52-week high of $273.20 was reached on 11/23/22 after having rallying from a 52-week low of $158.46. Since the beginning of this year, ERIE’s stock price has risen by 41.56% or $80.07, and marked a new high 36 times. However, the stock has declined by -0.17% since its 52-week high.

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ERIE stock investors should be aware that Erie Indemnity Company (ERIE) stock had its last reported insider trading activity 13 days ago on Nov 11. Cipriani Marc, the Senior Vice President of the company, disposed of 750 shares for $252.72 on Nov 11. It resulted in a $189,536 divestment by the insider.

Valuation Metrics

Right now, Erie Indemnity Company (ERIE) has a P/E ratio of about 55.28. The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 4.49, the price-to-book (PB) ratio of 10.51, and the price-to-cash flow ratio of 1039.56 may also be considered.

The latest dividend of $1.11 per share was paid out, remained unchanged from last year’s $1.11. On Thursday December 9 2021, a $0.0750 dividend increase was announced.

Financial Health

In the three months ended September 29, Erie Indemnity Company’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 12.80% percent. In the year ended September 29, operating margins totaled 12.80%.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.70%. Return on equity (ROE) for the past 12 months was 21.50%.

ERIE’s revenue rose 8.19% to $675.12 million during the quarter, while net income inched up to $740.67 million. While analysts expected Erie Indemnity Company to report $1.71 quarterly earnings, the actual figure was $1.61 per share, beating the consensus estimate by -5.80%. The value of shareholders’ equity is $46.19 million.

Technical Picture

This quick technical analysis looks at Erie Indemnity Company’s (ERIE) price momentum. With a historical volatility rate of 45.58%, the RSI 9-day stood at 67.24% on 23 November.

With respect to its five-day moving average, the current Erie Indemnity Company price is up by +3.30% percent or $8.71. At present, ERIE shares trade +15.63% above its 20-day simple moving average and +40.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.17% above its SMA50 and +47.08% above its SMA200.

Stochastic coefficient K was 74.63% and Stochastic coefficient D was 70.46%, while ATR was 7.70. Given the Stochastic reading of 90.74% for the 14-day period, the RSI (14) reading has been calculated as 65.98%. As of today, the MACD Oscillator reading stands at 4.65, while the 14-day reading stands at 4.22.

Analyst Ratings

Erie Indemnity Company downgraded its rating on Erie Indemnity Company (NASDAQ: ERIE) to a Hold in a note to investors on March 08, 2010. The analysts firm previously had a Buy rating on the stock.Erie Indemnity Company (ERIE) has been rated Overweight by analysts. According to 0 brokerage firms, ERIE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Erie Indemnity Company stock as buy, with 1 recommending it as overweight.

With a median target price of $115.00, the current consensus forecast for the stock is $115.00 – $115.00. Based on these forecasts, analysts predict Erie Indemnity Company (ERIE) will achieve an average price target of $115.00.


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