United Fire Group Stock Rating Lowered by Zacks (UFCS)
United Fire Group (NASDAQ:UFCS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Monday, Stock Ratings Network reports. They currently have a $36.20 target price on the stock. Zacks‘ price target would suggest a potential upside of 7.48% from the company’s current price.
A number of other analysts have also recently weighed in on UFCS. Analysts at Sandler O’Neill downgraded shares of United Fire Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 30th. Analysts at Keefe, Bruyette & Woods raised their price target on shares of United Fire Group from $26.00 to $29.00 in a research note to investors on Wednesday, August 7th.
United Fire Group (NASDAQ:UFCS) traded up 0.68% during mid-day trading on Monday, hitting $33.91. The stock had a trading volume of 24,308 shares. United Fire Group has a one year low of $18.49 and a one year high of $34.21. The stock has a 50-day moving average of $29.95 and a 200-day moving average of $28.5. The company has a market cap of $858.9 million and a price-to-earnings ratio of 19.40.
United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.26. The company had revenue of $219.72 million for the quarter, compared to the consensus estimate of $210.47 million.
United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities.
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