Essent Group’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (ESNT)
Essent Group (NASDAQ:ESNT)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Monday, Analyst Ratings.Net reports. They currently have a $24.50 price target on the stock, down from their previous price target of $25.00. JPMorgan Chase & Co.’s price target suggests a potential upside of 20.69% from the stock’s previous close.
ESNT has been the subject of a number of other recent research reports. Analysts at Compass Point upgraded shares of Essent Group from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $24.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Essent Group from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $25.00 price target on the stock, down previously from $26.00. Finally, analysts at Susquehanna cut their price target on shares of Essent Group from $26.00 to $25.00 in a research note on Friday. They now have a “positive” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.30.
Essent Group (NASDAQ:ESNT) traded up 1.50% during mid-day trading on Monday, hitting $20.30. The stock had a trading volume of 1,109,297 shares. Essent Group has a 52 week low of $18.03 and a 52 week high of $26.45. The stock has a 50-day moving average of $20.81 and a 200-day moving average of $22.53. The company has a market cap of $1.756 billion and a P/E ratio of 28.78.
Essent Group (NASDAQ:ESNT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $47.82 million for the quarter, compared to the consensus estimate of $48.09 million. The company’s quarterly revenue was up 107.8% on a year-over-year basis. On average, analysts predict that Essent Group will post $0.90 earnings per share for the current fiscal year.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.
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