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Why Berkshire Hathaway Saw a Subdued 2Q17

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Part 7
Why Berkshire Hathaway Saw a Subdued 2Q17 PART 7 OF 9

What Analysts Recommend for Berkshire Hathaway

Berkshire’s analyst ratings

Berkshire Hathaway’s (BRK.B) analyst ratings haven’t seen any major updates for the past couple of quarters, likely due to the company’s stable performance partially offset by lower return expectations from the broad markets (SPY) (SPX-INDEX). So far in August 2017, three of the seven analysts covering the company have rated it a “buy” or a “strong buy.” Four analysts have rated it a “hold.” Analysts have given Berkshire a price target of $279,375 in one year, implying a positive growth of 3.47%.

What Analysts Recommend for Berkshire Hathaway

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Comparing conglomerates

Among Berkshire Hathaway’s major comparables and competitors, American International Group (AIG) saw 12 of its 18 analysts rate it a “buy” or “strong buy” in August 2017. Five analysts rated the stock as a “hold, ” and one analyst rated it as “underperform.” The recent ratings reflect expectations of a strong performance in the upcoming quarters.

On the other hand, eight of the 16 analysts covering General Electric (GE) stock have given it a “buy” or “strong buy” in August 2017. Six analysts have rated it a “hold,” and two have rated it “underperform.”

For Chubb (CB), 15 of the 19 analysts covering the stock have rated it a “buy” or “strong buy” in August 2017, while two analysts have given it a “hold” rating. Two analysts have also given it an “underperform” or “sell” rating amid lower core earnings expectations.

Together, these companies make up 7.7% of the Financial Select Sector SPDR ETF (XLF).

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