Berkshire Hathaway (BRK.B) Rating Lowered to Hold at ValuEngine
Berkshire Hathaway (NYSE:BRK.B) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
Shares of NYSE:BRK.B opened at $207.96 on Wednesday. Berkshire Hathaway has a twelve month low of $184.75 and a twelve month high of $224.07. The company has a market capitalization of $517.42 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 3.03 and a beta of 0.91.
Berkshire Hathaway (NYSE:BRK.B) last issued its quarterly earnings data on Saturday, November 3rd. The financial services provider reported $2.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.29. Berkshire Hathaway had a net margin of 25.50% and a return on equity of 6.20%. The firm had revenue of $63.45 billion for the quarter. On average, research analysts expect that Berkshire Hathaway will post 9.92 earnings per share for the current fiscal year.
Berkshire Hathaway Inc is a holding company owning subsidiaries engaged in various business activities. Its segments include Insurance, such as GEICO, Berkshire Hathaway Primary Group, General Re Corporation and Berkshire Hathaway Reinsurance Group; Burlington Northern Santa Fe, LLC, which is engaged in the operation of the railroad system; Berkshire Hathaway Energy, which includes regulated electric and gas utility; Manufacturing, which includes manufacturers of various products, including industrial, consumer and building products; McLane Company, which is engaged in the wholesale distribution of groceries and non-food items; Service and retailing, which includes providers of various services, including fractional aircraft ownership programs, aviation pilot training and various retailing businesses, and Finance and financial products, which includes manufactured housing and related consumer financing, transportation equipment, manufacturing and leasing, and furniture leasing.
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