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Fortegra Financial Corp. (NYSE:FRF) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, Stock Ratings Network reports. They currently have a $6.40 target price on the stock. Zacks‘s price target suggests a potential downside of 5.33% from the company’s current price.

Shares of Fortegra Financial Corp. (NYSE:FRF) traded down 1.48% on Tuesday, hitting $6.66. 24,258 shares of the company’s stock traded hands. Fortegra Financial Corp. has a 1-year low of $6.17 and a 1-year high of $8.70. The stock’s 50-day moving average is $7.13 and its 200-day moving average is $7.60. The company has a market cap of $129.3 million and a price-to-earnings ratio of 6.12.

Fortegra Financial Corp. (NYSE:FRF) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.06. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, analysts predict that Fortegra Financial Corp. will post $0.72 earnings per share for the current fiscal year.

Separately, analysts at EVA Dimensions downgraded shares of Fortegra Financial Corp. from a “buy” rating to an “overweight” rating in a research note on Thursday, March 13th.

Fortegra Financial Corporation (NYSE:FRF) is an insurance services company that provides distribution and administration services and insurance-related products to insurance companies, insurance brokers and agents and other financial services companies in the United States.

To view Zacks’ full report, visit Zacks’ official website.

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