AMERISAFE PT Raised to $45.00 (AMSF)
Equities research analysts at JMP Securities upped their price objective on shares of AMERISAFE (NASDAQ:AMSF) from $42.00 to $45.00 in a research note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective would indicate a potential upside of 14.33% from the stock’s previous close.
A number of other analysts have also recently weighed in on AMSF. Analysts at Zacks reiterated a “neutral” rating on shares of AMERISAFE in a research note to investors on Friday, October 4th. They now have a $37.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. AMERISAFE has an average rating of “Hold” and a consensus price target of $37.17.
AMERISAFE (NASDAQ:AMSF) opened at 39.36 on Friday. AMERISAFE has a 52-week low of $22.00 and a 52-week high of $38.86. The stock’s 50-day moving average is $36.62 and its 200-day moving average is $34.72. The company has a market cap of $722.4 million and a price-to-earnings ratio of 21.88.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Thursday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. During the same quarter in the previous year, the company posted $0.35 earnings per share. 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 4,435 shares of AMERISAFE stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $38.76, for a total value of $171,900.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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