Bank of America Upgrades Endurance Specialty Holdings to Buy (ENH)
Endurance Specialty Holdings (NYSE:ENH) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $57.00 target price on the stock. Bank of America’s target price suggests a potential upside of 10.49% from the stock’s previous close. The analysts noted that the move was a valuation call.
In other Endurance Specialty Holdings news, CAO Carrie Rosorea sold 2,495 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $51.89, for a total value of $129,465.55. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Endurance Specialty Holdings (NYSE:ENH) opened at 51.59 on Tuesday. Endurance Specialty Holdings has a 1-year low of $49.29 and a 1-year high of $58.83. The stock’s 50-day moving average is $51.68 and its 200-day moving average is $53.00. The company has a market cap of $2.304 billion and a price-to-earnings ratio of 7.90.
Endurance Specialty Holdings (NYSE:ENH) last announced its earnings results on Monday, May 5th. The company reported $2.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $1.10. The company had revenue of $440.77 million for the quarter, compared to the consensus estimate of $920.34 million. During the same quarter last year, the company posted $2.08 earnings per share. Endurance Specialty Holdings’s revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that Endurance Specialty Holdings will post $6.05 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Endurance Specialty Holdings from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $61.40 price target on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.68.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.