EMC Insurance Group Stock Rating Reaffirmed by Keefe, Bruyette & Woods (EMCI)
EMC Insurance Group (NASDAQ:EMCI)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $32.00 target price on the stock, down from their previous target price of $33.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 4.58% from the stock’s previous close.
EMC Insurance Group (NASDAQ:EMCI) opened at 30.60 on Friday. EMC Insurance Group has a 1-year low of $26.23 and a 1-year high of $36.50. The stock’s 50-day moving average is $31.00 and its 200-day moving average is $31.62. The company has a market cap of $413.0 million and a P/E ratio of 11.74.
EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. On average, analysts predict that EMC Insurance Group will post $2.10 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of EMC Insurance Group from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $29.50 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.06.
EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.
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