Platinum Underwriters Holdings Given New $69.00 Price Target at Keefe, Bruyette & Woods (PTP)
Analysts at Keefe, Bruyette & Woods hoisted their price target on shares of Platinum Underwriters Holdings (NYSE:PTP) from $67.00 to $69.00 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.00% from the stock’s previous close.
Platinum Underwriters Holdings (NYSE:PTP) traded up 0.23% during mid-day trading on Monday, hitting $62.30. The stock had a trading volume of 32,989 shares. Platinum Underwriters Holdings has a 52 week low of $54.06 and a 52 week high of $63.60. The stock’s 50-day moving average is $59. and its 200-day moving average is $59.88. The company has a market cap of $1.730 billion and a price-to-earnings ratio of 9.04.
Platinum Underwriters Holdings (NYSE:PTP) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $2.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $1.05. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $156.91 million. During the same quarter in the prior year, the company posted $2.63 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Platinum Underwriters Holdings will post $4.76 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PTP. Analysts at Zacks upgraded shares of Platinum Underwriters Holdings from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $67.30 price target on the stock.
Platinum Underwriters Holdings, Ltd. (NYSE:PTP) is a holding company.
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