Berkshire Hathaway (BRK.B) Given a $210.00 Price Target at Morgan Stanley

Galtero Lara
May 16, 2018

Berkshire Hathaway stock opened at $197.36 on Monday. Berkshire Hathaway reported earnings of $1.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 39.6%.

Berkshire Hathaway (NYSE:BRK.B) last announced its quarterly earnings data on Saturday, February 24th. The brokerage now has a hold rating on the financial services provider's stock. Berkshire Hathaway had a net margin of 16.88% and a return on equity of 4.91%. Morgan Stanley set a $210.00 price target on Berkshire Hathaway and gave the company a "hold" rating in a research report on Monday, May 7th.

A number of research analysts recently issued reports on the stock. The firm had revenue of $58.91 billion for the quarter. sell-side analysts predict that Berkshire Hathaway will post 8.76 earnings per share for the current year. Zacks Investment Research raised shares of Berkshire Hathaway from a "hold" rating to a "buy" rating and set a $227.00 price objective on the stock in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock.

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Shares of Berkshire Hathaway (NYSE:BRK.B) have received a consensus recommendation of "Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. Berkshire Hathaway has a 52 week low of $196.49 and a 52 week high of $198.92. The stock has a market capitalization of $486,654.94, a PE ratio of 33.58, a P/E/G ratio of 3.23 and a beta of 0.90.

As of end-March, Berkshire owned about US$173 billion of equities in all, as well as dozens of businesses in the railroad, insurance, energy, chemical, food and retail and other sectors.

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