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ERIE
Stock ticker: NASDAQ
AS OF
Jan 3 closing price
Price
$414.70
Change
+$5.20 (+1.27%)
Capitalization
21.01B

ERIE Erie Indemnity Company Forecast, Technical & Fundamental Analysis

a provider of insurance services

ERIE
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for ERIE with price predictions
Jan 03, 2025

ERIE in upward trend: price may jump up because it broke its lower Bollinger Band on December 10, 2024

ERIE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 42 cases where ERIE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ERIE's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on ERIE as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ERIE just turned positive on December 13, 2024. Looking at past instances where ERIE's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERIE advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where ERIE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The 50-day moving average for ERIE moved below the 200-day moving average on January 02, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ERIE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 58, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ERIE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (12.642) is normal, around the industry mean (72.373). ERIE has a moderately high P/E Ratio (47.115) as compared to the industry average of (27.283). Projected Growth (PEG Ratio) (2.672) is also within normal values, averaging (2.037). Dividend Yield (0.012) settles around the average of (0.019) among similar stocks. ERIE's P/S Ratio (6.353) is slightly higher than the industry average of (2.749).

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ERIE
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

ERIE is expected to report earnings to fall 5.23% to $2.90 per share on February 20

Erie Indemnity Company ERIE Stock Earnings Reports
Q4'24
Est.
$2.90
Q3'24
Beat
by $0.07
Q2'24
Beat
by $0.58
Q1'24
Beat
by $0.31
Q4'23
Missed
by $0.01
The last earnings report on October 31 showed earnings per share of $3.06, beating the estimate of $2.99. With 78.64K shares outstanding, the current market capitalization sits at 21.01B.
A.I.Advisor
published Dividends

ERIE is expected to pay dividends on January 22, 2025

Erie Indemnity Company ERIE Stock Dividends
A dividend of $1.37 per share will be paid with a record date of January 22, 2025, and an ex-dividend date of January 07, 2025. The last dividend of $1.27 was paid on October 22. Read more...
A.I. Advisor
published General Information

General Information

a provider of insurance services

Industry InsuranceBrokersServices

Profile
Fundamentals
Details
Industry
Property Or Casualty Insurance
Address
100 Erie Insurance Place
Phone
+1 814 870-2000
Employees
6556
Web
https://www.erieinsurance.com
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ERIE and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, ERIE has been loosely correlated with BRO. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if ERIE jumps, then BRO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERIE
1D Price
Change %
ERIE100%
+1.27%
BRO - ERIE
35%
Loosely correlated
+1.04%
AJG - ERIE
33%
Poorly correlated
+1.63%
CRVL - ERIE
32%
Poorly correlated
+1.43%
MMC - ERIE
30%
Poorly correlated
-0.03%
AON - ERIE
23%
Poorly correlated
-0.28%
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