Endurance Specialty Holdings Given Consensus Rating of “Buy” by Analysts (NYSE:ENH)
Endurance Specialty Holdings (NYSE:ENH) has received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $34.86.
In other Endurance Specialty Holdings news, CEO John Charman bought 7,780 shares of Endurance Specialty Holdings stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $54.58 per share, for a total transaction of $424,632.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ENH shares. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Endurance Specialty Holdings in a research note on Thursday. They now have a $60.00 price target on the stock, up previously from $56.00. Separately, analysts at Janney Montgomery Scott upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, July 17th. Finally, analysts at Bank of America upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $57.00 price target on the stock. They noted that the move was a valuation call.
Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 57.16 on Tuesday. Endurance Specialty Holdings has a 1-year low of $49.29 and a 1-year high of $58.83. The stock’s 50-day moving average is $53.69 and its 200-day moving average is $52.62. The company has a market cap of $2.556 billion and a price-to-earnings ratio of 8.28.
Endurance Specialty Holdings (NYSE:ENH) last released its earnings data on Monday, August 4th. The company reported $1.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.14. The company had revenue of $511.40 million for the quarter, compared to the consensus estimate of $518.60 million. During the same quarter last year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Endurance Specialty Holdings will post $6.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.39%.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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