HCI Group Receives Average Rating of “Buy” from Analysts (NYSE:HCI)
HCI Group (NYSE:HCI) has been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the company, American Banking News.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $46.74.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of HCI Group in a research note on Tuesday. They set a “market perform” rating and a $46.00 price target on the stock. Analysts at Zacks upgraded shares of HCI Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $44.10 price target on the stock.
Shares of HCI Group (NYSE:HCI) traded up 1.54% on Tuesday, hitting $42.76. The stock had a trading volume of 26,383 shares. HCI Group has a 52-week low of $33.50 and a 52-week high of $53.61. The stock has a 50-day moving average of $41.03 and a 200-day moving average of $39.97. The company has a market cap of $479.0 million and a P/E ratio of 7.98.
HCI Group (NYSE:HCI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.14. The company had revenue of $66.28 million for the quarter, compared to the consensus estimate of $68.70 million. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts predict that HCI Group will post $4.67 EPS for the current fiscal year.
HCI Group Inc, formerly Homeowners Choice, Inc, is a holding company. The Company, through its subsidiaries, is engaged in the property and casualty insurance business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.