Susquehanna Lowers Essent Group Price Target to $26.00 (ESNT)
Equities research analysts at Susquehanna cut their price objective on shares of Essent Group (NASDAQ:ESNT) from $28.00 to $26.00 in a research note issued to investors on Friday, Analyst RN reports. Susquehanna’s price target indicates a potential upside of 24.28% from the company’s current price.
ESNT has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods downgraded shares of Essent Group from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. They now have a $26.00 price target on the stock, up previously from $25.00. Separately, analysts at JMP Securities downgraded shares of Essent Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. Finally, analysts at Macquarie downgraded shares of Essent Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.80.
Essent Group (NASDAQ:ESNT) traded down 1.55% during mid-day trading on Friday, hitting $20.92. 185,007 shares of the company’s stock traded hands. Essent Group has a 1-year low of $19.95 and a 1-year high of $26.45. The stock’s 50-day moving average is $22.97 and its 200-day moving average is $23.00. The company has a market cap of $1.809 billion and a P/E ratio of 30.36.
Essent Group (NASDAQ:ESNT) last announced its earnings results on Friday, February 28th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $42.35 million for the quarter, compared to the consensus estimate of $36.40 million. On average, analysts predict that Essent Group will post $0.92 earnings per share for the current fiscal year.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.
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