Homeowners Choice Rating Lowered to Neutral at Zacks (HCI)
Homeowners Choice (NYSE:HCI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $56.10 price objective on the stock. Zacks‘ target price indicates a potential upside of 11.11% from the stock’s previous close.
Shares of Homeowners Choice (NYSE:HCI) traded up 0.34% during mid-day trading on Tuesday, hitting $50.49. 228,269 shares of the company’s stock traded hands. Homeowners Choice has a 52 week low of $19.81 and a 52 week high of $53.61. The stock has a 50-day moving average of $49.30 and a 200-day moving average of $39.98. The company has a market cap of $580.3 million and a P/E ratio of 9.16.
Homeowners Choice (NYSE:HCI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.35. On average, analysts predict that Homeowners Choice will post $5.60 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HCI. Analysts at Sidoti downgraded shares of Homeowners Choice from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. Separately, analysts at JMP Securities initiated coverage on shares of Homeowners Choice in a research note to investors on Tuesday, November 19th. They set a “market perform” rating on the stock. Finally, analysts at Gilford Securities downgraded shares of Homeowners Choice from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 24th. They now have a $45.60 price target on the stock, up previously from $44.50. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Homeowners Choice has an average rating of “Hold” and an average price target of $44.55.
HCI Group Inc, formerly Homeowners Choice, Inc, is a holding company. The Company, through its subsidiaries, is engaged in the property and casualty insurance business.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.