Arch Capital Group Upgraded by Zacks to Outperform (ACGL)
Arch Capital Group (NASDAQ:ACGL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm currently has a $61.90 target price on the stock. Zacks‘s price target would indicate a potential upside of 8.10% from the company’s current price.
Separately, analysts at BMO Capital Markets raised their price target on shares of Arch Capital Group from $58.00 to $59.00 in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.97.
Arch Capital Group (NASDAQ:ACGL) traded down 0.23% on Wednesday, hitting $57.26. The stock had a trading volume of 195,725 shares. Arch Capital Group has a 52-week low of $52.04 and a 52-week high of $59.78. The stock’s 50-day moving average is $57.31 and its 200-day moving average is $56.54. The company has a market cap of $7.550 billion and a price-to-earnings ratio of 12.69.
Arch Capital Group (NASDAQ:ACGL) last released its earnings data on Thursday, May 1st. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.24. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $1.17 earnings per share. Arch Capital Group’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that Arch Capital Group will post $3.75 EPS for the current fiscal year.
Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.
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