Company Overview - Ping An Insurance Co. of China Ltd. (PNGAY) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, PNGAY shares have increased by 2.67%, matching the performance of the Zacks Insurance - Multi line industry [6] - In a longer time frame, PNGAY's monthly price change is 5.24%, outperforming the industry's 3.68% [6] - Over the past quarter, shares of PNGAY have risen by 22.63%, and over the last year, they have gained 56.43%, significantly outperforming the S&P 500, which increased by 10.77% and 17.6% respectively [7] Trading Volume - PNGAY's average 20-day trading volume is 120,511 shares, which serves as a price-to-volume baseline for assessing momentum [8] Earnings Outlook - In the past two months, one earnings estimate for PNGAY has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $1.94 to $2.13 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Given the positive momentum indicators and earnings outlook, PNGAY is positioned as a strong buy candidate for investors seeking short-term opportunities [12]
Ping An Insurance Co. of China Ltd. (PNGAY) Is Up 2.67% in One Week: What You Should Know