Market Update (NYSE:CB): U.S. Chemical Firms Expanding Abroad See Heightened Risk, Says New Chubb Advisory

[PR Newswire] – PHILADELPHIA, May 20, 2016 /PRNewswire/ — “As U.S. chemical manufacturers and distributors of all sizes significantly increase their business overseas, they are facing challenges posed by product liability issues, environmental regulations and widely varying insurance laws,” said Ernie Salas, Vice President, Specialty Casualty & Construction, Chubb. Salas, who has authored a new Chubb advisory on the topic, sees foreign risk management challenges as a growing concern for chemical firms. By 2019, the U.S. is expected to run a $77 billion trade surplus in chemicals, according to the American Chemistry Council. The Chubb advisory, “Growing Global Chemical Trade Brings New Risks for U.S. Firms,” offers risk management and insurance strategies to adequately address the exposures of doing business abroad. Read more on this. Chubb Limited (CB) , with a current value of $58.41B, began trading this morning at $125.53. Looking at today’s trading action, the company’s one day range from $125.00 to $126.63 with the price of the stock fluctuating between $96.00 to $126.63 over the last 52 weeks. CB shares are currently priced at 12.73x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.60x earnings multiple for the same period. Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $2.43 per share, which would be $0.03 better than the year-ago quarter and a $0.11 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $9.81 would be a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.53 Billion. If realized, that would be a 75.93% increase over the year-ago quarter. Recently, Sandler O’Neill upgraded CB from Hold to Buy (Jan 27, 2016). Previously, Bernstein upgraded CB from Mkt Perform to Outperform. The average price target for CB shares by the analysts covering it is $131.57, which is 4.81% above where the stock opened. See more in (NYSE:CB) Similar Articles: Stock Update: The Chubb Corporation (NYSE:CB) – Chubb Announces Retirement of Robert C. Cox, Division Chairman, North America Financial Lines Company Update (NYSE:CB): Chubb’s Expanded Global Cyber Practice Launches a Service to Help Firms Combat Ransomware Attacks Company Update: The Chubb Corporation (NYSE:CB) – Chubb Launches an Expanded Construction Industry Practice and Broadens Insurance Product and Service Offerings for Midsized Construction Firms