Endurance Specialty Holdings Lowered to “Neutral” at Zacks (ENH)
Endurance Specialty Holdings (NYSE:ENH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a $61.40 price objective on the stock. Zacks‘ target price points to a potential upside of 11.86% from the company’s current price.
Endurance Specialty Holdings (NYSE:ENH) traded down 0.94% on Tuesday, hitting $54.89. The stock had a trading volume of 405,010 shares. Endurance Specialty Holdings has a 52-week low of $41.23 and a 52-week high of $58.83. The stock’s 50-day moving average is $56.71 and its 200-day moving average is $53.72. The company has a market cap of $2.434 billion and a price-to-earnings ratio of 13.49.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.63. The company had revenue of $553.54 million for the quarter, compared to the consensus estimate of $458.65 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts predict that Endurance Specialty Holdings will post $6.42 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott downgraded shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Endurance Specialty Holdings in a research note to investors on Tuesday, November 19th. They set an “outperform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Endurance Specialty Holdings in a research note to investors on Tuesday, November 19th. They set an “overweight” rating and a $16.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.40.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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