American Equity Investment Life (NYSE:AEL)‘s stock had its “buy” rating restated by investment analysts at SunTrust Banks in a research note issued on Friday. They presently have a $38.00 price target on the financial services provider’s stock. SunTrust Banks’ price target indicates a potential upside of 25.87% from the company’s current price.

Other analysts also recently issued reports about the stock. B. Riley reiterated a “neutral” rating on shares of American Equity Investment Life in a report on Monday, November 6th. ValuEngine upgraded shares of American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of American Equity Investment Life in a report on Friday, December 8th. Finally, Goldman Sachs Group began coverage on shares of American Equity Investment Life in a report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American Equity Investment Life presently has a consensus rating of “Buy” and an average target price of $31.00.

Shares of American Equity Investment Life (NYSE AEL) opened at $30.19 on Friday. The firm has a market cap of $2,690.00, a P/E ratio of 10.59 and a beta of 2.50. American Equity Investment Life has a one year low of $22.23 and a one year high of $35.79. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.27.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $550.89 million. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. The business’s revenue for the quarter was up 99.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. research analysts anticipate that American Equity Investment Life will post 3 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEL. Gradient Investments LLC bought a new stake in shares of American Equity Investment Life in the 4th quarter worth approximately $101,000. Teacher Retirement System of Texas acquired a new stake in shares of American Equity Investment Life during the third quarter valued at approximately $203,000. Everence Capital Management Inc. acquired a new stake in shares of American Equity Investment Life during the fourth quarter valued at approximately $209,000. V Wealth Management LLC acquired a new stake in shares of American Equity Investment Life during the fourth quarter valued at approximately $209,000. Finally, Stifel Financial Corp acquired a new stake in shares of American Equity Investment Life during the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 95.01% of the company’s stock.

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American Equity Investment Life Company Profile

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

Analyst Recommendations for American Equity Investment Life (NYSE:AEL)

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