Essent Group Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:ESNT)
Shares of Essent Group (NASDAQ:ESNT) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, Analyst Ratings Net reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.03.
ESNT has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Essent Group in a research note on Thursday, August 21st. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Zacks upgraded shares of Essent Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $21.70 price target on the stock. Finally, 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.
Shares of Essent Group (NASDAQ:ESNT) opened at 21.06 on Tuesday. 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 $19.29 and its 200-day moving average is $20.86. The company has a market cap of $1.822 billion and a P/E ratio of 50.56.
Essent Group (NASDAQ:ESNT) last posted its quarterly earnings results 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 $0.95 EPS for the current fiscal year.
In other Essent Group news, EVP Adolfo Marzol unloaded 50,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $21.05, for a total value of $1,052,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.
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