Compass Point Increases RLI Corp. Price Target to $82.00 (RLI)
Stock analysts at Compass Point hoisted their price target on shares of RLI Corp. (NYSE:RLI) from $77.00 to $82.00 in a report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price target would suggest a potential downside of 9.37% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of RLI Corp. in a research note to investors on Monday, August 12th. They now have a $85.00 price target on the stock.
Shares of RLI Corp. (NYSE:RLI) traded up 2.56% on Thursday, hitting $92.80. 131,057 shares of the company’s stock traded hands. RLI Corp. has a one year low of $63.16 and a one year high of $91.82. The stock has a 50-day moving average of $83. and a 200-day moving average of $78.73. The company has a market cap of $1.981 billion and a price-to-earnings ratio of 18.58.
RLI Corp. (NYSE:RLI) last announced its earnings results on Thursday, October 17th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.42. The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $167.83 million. During the same quarter last year, the company posted $1.02 earnings per share. RLI Corp.’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that RLI Corp. will post $4.31 EPS for the current fiscal year.
RLI Corp. underwrites selected property and casualty insurance through subsidiaries collectively (NYSE:RLI).
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