American Equity Investment Life Holding Company (AEL) Receives Price Target

American Equity Investment Life Holding Company (AEL) stock is expected to deviate a maximum of $2.65 from the average target price of $21 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $18.

American Equity Investment Life Holding Company (AEL) : The consensus on American Equity Investment Life Holding Company (AEL) based on 3 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

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Also, Citigroup maintains their rating on the shares of American Equity Investment Life Holding Company (NYSE:AEL). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $18 per share from $20 per share. The rating by the firm was issued on July 7, 2016.

American Equity Investment Life Holding Company (NYSE:AEL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.69 and $17.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.69, notching a gain of 0.40% for the day. The total traded volume was 454,881 . The stock had closed at $17.62 on the previous day.

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 wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Companys business consists primarily of the sale of fixed index and fixed rate annuities. The Companys products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

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