EMC Insurance Group Inc. Hits New 52-Week High at $31.15 (EMCI)
Shares of EMC Insurance Group (NASDAQ:EMCI) hit a new 52-week high on Thursday, Analyst Ratings Network.com reports. The company traded as high as $31.15 and last traded at $30.63, with a volume of 21,646 shares trading hands. The stock had previously closed at $30.11.
A number of research firms have recently commented on EMCI. Analysts at Zacks downgraded shares of EMC Insurance Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $32.90 price target on the stock. Separately, analysts at Barclays Capital downgraded shares of EMC Insurance Group from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.99.
EMC Insurance Group has a one year low of $19.85 and a one year high of $30.77. The stock’s 50-day moving average is $28.85 and its 200-day moving average is $28.21. The company has a market cap of $402.5 million and a price-to-earnings ratio of 9.32.
EMC Insurance Group (NASDAQ:EMCI) last announced its earnings results on Thursday, August 8th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.17. The company had revenue of $127.20 million for the quarter, compared to the consensus estimate of $125.37 million. On average, analysts predict that EMC Insurance Group will post $2.83 earnings per share for the current fiscal year.
EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.
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