Amtrust Financial Services PT Lowered to $41.00 (AFSI)
Equities research analysts at Compass Point cut their price objective on shares of Amtrust Financial Services (NYSE:AFSI) from $45.00 to $41.00 in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price objective indicates a potential upside of 5.21% from the stock’s previous close.
Shares of Amtrust Financial Services (NYSE:AFSI) traded up 4.28% during mid-day trading on Wednesday, hitting $38.97. 511,344 shares of the company’s stock traded hands. Amtrust Financial Services has a 52-week low of $21.7273 and a 52-week high of $41.72. The stock’s 50-day moving average is $37.41 and its 200-day moving average is $33.12. The company has a market cap of $2.901 billion and a P/E ratio of 10.95.
A number of other firms have also recently commented on AFSI. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Amtrust Financial Services (NYSE:AFSI) from $42.00 to $38.00 in a research note to investors on Tuesday, August 20th. They now have a “market perform” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Amtrust Financial Services (NYSE:AFSI) from $42.00 to $48.00 in a research note to investors on Wednesday, August 7th.
Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Amtrust Financial Services presently has a consensus rating of “Buy” and a consensus target price of $43.60.
AmTrust Financial Services Inc (NYSE:AFSI) is a multinational specialty property and casualty insurance company.
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