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HCI Group (NYSE:HCI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a $42.10 price objective on the stock. Zacks‘s price objective points to a potential upside of 6.29% from the company’s current price.

A number of other analysts have also recently weighed in on HCI. Analysts at Sterne Agee initiated coverage on shares of HCI Group in a research note on Tuesday, April 29th. They set a “buy” rating and a $46.00 price target on the stock. Separately, analysts at Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, analysts at JMP Securities raised their price target on shares of HCI Group from $48.00 to $52.00 in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.43.

Shares of HCI Group (NYSE:HCI) traded up 1.19% on Tuesday, hitting $40.08. 84,923 shares of the company’s stock traded hands. HCI Group has a 52-week low of $28.73 and a 52-week high of $53.61. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $43.75. The company has a market cap of $439.7 million and a price-to-earnings ratio of 7.52.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.05. The company had revenue of $68.17 million for the quarter, compared to the consensus estimate of $72.55 million. During the same quarter last year, the company posted $1.81 earnings per share. HCI Group’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that HCI Group will post $4.48 EPS for the current fiscal year.

HCI Group Inc, formerly Homeowners Choice, Inc, is a holding company. The Company, through its subsidiaries, is engaged in the property and casualty insurance business.

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