Meadowbrook Insurance Group Rating Increased to Neutral at Zacks (MIG)
Meadowbrook Insurance Group (NYSE:MIG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, Stock Ratings News reports. The firm currently has a $7.10 price target on the stock. Zacks‘ price objective suggests a potential upside of 3.05% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Compass Point downgraded shares of Meadowbrook Insurance Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $8.00 price target on the stock. They noted that the move was a valuation call. Analysts at Guggenheim reiterated a “buy” rating on shares of Meadowbrook Insurance Group in a research note to investors on Wednesday, November 6th. They now have a $10.00 price target on the stock, up previously from $9.00. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Meadowbrook Insurance Group currently has a consensus rating of “Hold” and a consensus target price of $8.73.
Meadowbrook Insurance Group (NYSE:MIG) traded down 0.15% on Tuesday, hitting $6.88. The stock had a trading volume of 121,180 shares. Meadowbrook Insurance Group has a one year low of $5.86 and a one year high of $8.90. The stock has a 50-day moving average of $7.11 and a 200-day moving average of $7.04. The company’s market cap is $343.2 million.
Meadowbrook Insurance Group (NYSE:MIG) last released its earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $203.88 million for the quarter, compared to the consensus estimate of $177.28 million. During the same quarter in the prior year, the company posted ($0.55) earnings per share. The company’s quarterly revenue was down 17.0% on a year-over-year basis. On average, analysts predict that Meadowbrook Insurance Group will post $0.09 earnings per share for the current fiscal year.
Meadowbrook Insurance Group, Inc (NYSE:MIG) is a specialty commercial insurance underwriter and insurance administration services company.
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