National Interstate Corp. PT Lowered to $27.00 (NATL)
Research analysts at Keefe, Bruyette & Woods cut their target price on shares of National Interstate Corp. (NASDAQ:NATL) from $28.00 to $27.00 in a report released on Thursday. Keefe, Bruyette & Woods’ target price indicates a potential downside of 1.10% from the stock’s previous close.
National Interstate Corp. (NASDAQ:NATL) traded up 0.78% on Thursday, hitting $27.30. The stock had a trading volume of 19,815 shares. National Interstate Corp. has a 52 week low of $21.18 and a 52 week high of $32.66. The stock’s 50-day moving average is $28.14 and its 200-day moving average is $27.81. The company has a market cap of $540.0 million and a price-to-earnings ratio of 40.98.
National Interstate Corp. (NASDAQ:NATL) last posted its quarterly earnings results on Monday, July 28th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.92. The company had revenue of $149.80 million for the quarter, compared to the consensus estimate of $148.32 million. Analysts expect that National Interstate Corp. will post $1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.76%.
Separately, analysts at Zacks downgraded shares of National Interstate Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 3rd. They now have a $26.90 price target on the stock.
National Interstate Corporation and its subsidiaries operate as an insurance holding company that underwrites and sells traditional and alternative property and casualty insurance products primarily to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles and commercial vehicles throughout the United States.
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