Zacks Upgrades Essent Group to Outperform (ESNT)
Essent Group (NASDAQ:ESNT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $21.70 price target on the stock. Zacks‘s target price would indicate a potential upside of 8.55% from the company’s current price.
Separately, analysts at Paradigm Capital cut their price target on shares of Essent Group from $3.15 to $3.00 in a research note on Tuesday, July 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Essent Group presently has a consensus rating of “Buy” and an average price target of $20.89.
Shares of Essent Group (NASDAQ:ESNT) traded down 1.55% on Wednesday, hitting $19.67. The stock had a trading volume of 70,888 shares. Essent Group has a 52-week low of $17.26 and a 52-week high of $26.45. The stock’s 50-day moving average is $19.0 and its 200-day moving average is $21.16. The company has a market cap of $1.702 billion and a price-to-earnings ratio of 48.38.
Essent Group (NASDAQ:ESNT) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.51 million. The company’s quarterly revenue was up 83.4% on a year-over-year basis. Analysts expect that Essent Group will post $0.93 EPS for the current fiscal year.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.
To view Zacks’ full report, visit Zacks’ official website.
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