AMERISAFE Price Target Raised to $48.00 at JMP Securities (AMSF)
JMP Securities lifted their target price on shares of AMERISAFE (NASDAQ:AMSF) from $45.00 to $48.00 in a research note issued on Friday, StockRatingsNetwork reports. JMP Securities’ price target suggests a potential upside of 12.73% from the company’s current price.
AMERISAFE (NASDAQ:AMSF) traded up 1.48% on Friday, hitting $42.58. The stock had a trading volume of 107,345 shares. AMERISAFE has a 52 week low of $27.88 and a 52 week high of $44.50. The stock’s 50-day moving average is $41.83 and its 200-day moving average is $37.79. The company has a market cap of $783.3 million and a price-to-earnings ratio of 22.18.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Thursday, October 31st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.04. During the same quarter last year, the company posted $0.35 earnings per share. Analysts expect that AMERISAFE will post $2.02 EPS for the current fiscal year.
In other AMERISAFE news, CEO C Allen Bradley, Jr. sold 3,849 shares of the stock on the open market in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $40.57, for a total value of $156,153.93. Following the completion of the sale, the chief executive officer now directly owns 101,993 shares in the company, valued at approximately $4,137,856. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets upgraded shares of AMERISAFE from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, December 17th. They now have a $50.00 price target on the stock, up previously from $38.00. Separately, analysts at Zacks upgraded shares of AMERISAFE from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 18th. They now have a $48.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of AMERISAFE from $35.00 to $39.00 in a research note to investors on Monday, November 4th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $42.17.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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