AMERISAFE Stock Rating Reaffirmed by Zacks (AMSF)
AMERISAFE (NASDAQ:AMSF)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. They currently have a $37.00 price target on the stock. Zacks‘ price target would suggest a potential upside of 5.11% from the company’s current price.
Separately, analysts at FBR Capital Markets raised their price target on shares of AMERISAFE (NASDAQ:AMSF) from $32.00 to $38.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $35.50.
AMERISAFE (NASDAQ:AMSF) traded down 0.14% on Friday, hitting $35.15. The stock had a trading volume of 25,838 shares. AMERISAFE has a 52 week low of $22.00 and a 52 week high of $38.86. The stock has a 50-day moving average of $34.05 and a 200-day moving average of $34.26. The company has a market cap of $645.1 million and a price-to-earnings ratio of 20.00.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.10. The company had revenue of $87.51 million for the quarter, compared to the consensus estimate of $89.86 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts predict that AMERISAFE will post $1.98 earnings per share for the current fiscal year.
In other AMERISAFE news, CEO C Allen Bradley, Jr. sold 4,538 shares of the stock on the open market in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $34.91, for a total transaction of $158,421.58. Following the sale, the chief executive officer now directly owns 103,847 shares of the company’s stock, valued at approximately $3,625,299. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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