JMP Securities Increases AmTrust Financial Services Price Target to $50.00 (AFSI)
JMP Securities boosted their price target on shares of AmTrust Financial Services (NASDAQ:AFSI) to $50.00 in a research note issued on Friday. JMP Securities’ price objective suggests a potential upside of 14.60% from the stock’s previous close.
Shares of AmTrust Financial Services (NASDAQ:AFSI) traded up 2.27% on Friday, hitting $43.63. 483,231 shares of the company’s stock traded hands. AmTrust Financial Services has a one year low of $27.90 and a one year high of $47.10. The stock’s 50-day moving average is $42.18 and its 200-day moving average is $39.26. The company has a market cap of $3.265 billion and a price-to-earnings ratio of 10.03.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.86 earnings per share. AmTrust Financial Services’s revenue was up 55.6% compared to the same quarter last year. 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. Investors of record on Wednesday, October 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.83%. The ex-dividend date is Monday, September 29th.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of AmTrust Financial Services from $44.00 to $48.00 in a research note on Friday. They now have a “market perform” rating on the stock. Analysts at Compass Point raised their price target on shares of AmTrust Financial Services from $49.00 to $52.00 in a research note on Friday. They now have a “buy” rating on the stock.
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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