AmTrust Financial Services Price Target Raised to $52.00 at Compass Point (AFSI)
Equities research analysts at Compass Point increased their target price on shares of AmTrust Financial Services (NASDAQ:AFSI) from $49.00 to $52.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Compass Point’s price objective indicates a potential upside of 19.18% from the company’s current price.
Shares of AmTrust Financial Services (NASDAQ:AFSI) traded up 2.27% during mid-day trading on Friday, hitting $43.63. The stock had a trading volume of 483,231 shares. AmTrust Financial Services has a 1-year low of $27.90 and a 1-year high of $47.10. The stock has a 50-day moving average of $42.18 and a 200-day moving average of $39.26. The company has a market cap of $3.265 billion and a P/E ratio of 10.03.
AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.33. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $824.40 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 55.6% on a year-over-year basis. Analysts expect that AmTrust Financial Services will post $4.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, September 29th.
Amtrust Financial Services, Inc is a holding company. The Company is a multinational specialty property and casualty insurer focused on generating consistent underwriting profits.
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