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

Berkshire Hathaway (NYSE:BRK.A) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

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

BRK.A stock traded up $2,340.00 during midday trading on Thursday, reaching $306,000.00. 238 shares of the company’s stock traded hands, compared to its average volume of 233. Berkshire Hathaway has a 52-week low of $279,410.00 and a 52-week high of $335,900.00. The company has a market cap of $506.21 billion, a PE ratio of 20.30 and a beta of 0.86. The stock’s 50-day moving average is $314,643.52.

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 net margin of 10.73% and a return on equity of 6.83%. The business had revenue of $60.68 billion during 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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