Berkshire Hathaway (NYSE:BRK.A) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Berkshire Hathaway (NYSE:BRK.A) from a buy rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

Separately, TheStreet raised Berkshire Hathaway from a c rating to a b- rating in a report on Monday, May 6th.

Shares of NYSE BRK.A traded up $2,340.00 during midday trading on Thursday, hitting $306,000.00. 238 shares of the stock traded hands, compared to its average volume of 233. The stock has a 50-day moving average price of $314,643.52. The stock has a market capitalization of $506.21 billion, a price-to-earnings ratio of 20.30 and a beta of 0.86. Berkshire Hathaway has a one year low of $279,410.00 and a one year high of $335,900.00.

Berkshire Hathaway (NYSE:BRK.A) last announced its earnings results on Saturday, May 4th. The financial services provider reported $3,387.20 EPS for the quarter. Berkshire Hathaway had a return on equity of 6.83% and a net margin of 10.73%. The company had revenue of $60.68 billion for the quarter.

About Berkshire Hathaway

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, stores, and distributes electricity from natural gas, coal, wind, solar, hydro, nuclear, and geothermal 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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