Janney Montgomery Scott Upgrades Endurance Specialty Holdings to “Buy” (ENH)
Endurance Specialty Holdings (NYSE:ENH) was upgraded by Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at Bank of America upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $57.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $37.68.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 1.10% during mid-day trading on Thursday, hitting $54.39. The stock had a trading volume of 133,553 shares. Endurance Specialty Holdings has a 52 week low of $49.29 and a 52 week high of $58.83. The stock has a 50-day moving average of $51.92 and a 200-day moving average of $52.66. The company has a market cap of $2.429 billion and a price-to-earnings ratio of 8.39.
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 $6.12 earnings per share for the current fiscal year.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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