Berkshire Hathaway Inc. (NYSE:BRK.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $206.25 and traded as high as $208.19. Berkshire Hathaway shares last traded at $207.49, with a volume of 1,059,107 shares changing hands.
Separately, Zacks Investment Research cut shares of Berkshire Hathaway from a “hold” rating to a “sell” rating and set a $210.00 target price for the company. in a research report on Monday, August 19th.
The stock’s 50-day moving average price is $205.88 and its 200 day moving average price is $206.33. The firm has a market capitalization of $510.02 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.81 and a beta of 0.84.
Berkshire Hathaway (NYSE:BRK.B) last issued its earnings results on Saturday, August 3rd. The financial services provider reported $2.50 EPS for the quarter, missing the Zacks’ consensus estimate of $2.71 by ($0.21). The business had revenue of $63.60 billion during the quarter. Berkshire Hathaway had a net margin of 11.49% and a return on equity of 6.52%. Equities research analysts predict that Berkshire Hathaway Inc. will post 10.39 EPS for the current year.
About Berkshire Hathaway (NYSE:BRK.B)
Berkshire Hathaway Inc, through its subsidiaries engages in insurance, freight rail transportation, and utility businesses. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. The company also generates, transmits, and distributes electricity primarily from solar, wind, geothermal, and hydro sources; operates natural gas distribution and storage facilities, interstate pipelines, and compressor and meter stations; and holds interest in coal mining assets.
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