Palomar (NASDAQ:PLMR) had its price target hoisted by equities research analysts at Keefe, Bruyette & Woods from $28.00 to $38.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 10.95% from the stock’s current price.
Several other equities analysts also recently commented on PLMR. William Blair began coverage on shares of Palomar in a report on Tuesday, May 14th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Palomar from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Barclays began coverage on shares of Palomar in a report on Monday, May 13th. They set an “equal weight” rating and a $20.00 price target on the stock. Evercore ISI reiterated a “buy” rating on shares of Palomar in a report on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Palomar from $27.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $34.20.
NASDAQ:PLMR traded down $0.08 during mid-day trading on Wednesday, hitting $34.25. 182,761 shares of the stock traded hands, compared to its average volume of 114,741. Palomar has a 52 week low of $18.06 and a 52 week high of $34.74. The stock has a 50 day moving average price of $26.71. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.19.
Palomar (NASDAQ:PLMR) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $25.41 million for the quarter, compared to the consensus estimate of $24.25 million. As a group, equities analysts forecast that Palomar will post 1.66 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of PLMR. Schroder Investment Management Group bought a new position in Palomar in the 2nd quarter worth about $10,399,000. BlackRock Inc. bought a new position in shares of Palomar during the second quarter valued at approximately $7,118,000. Putnam Investments LLC bought a new position in shares of Palomar during the second quarter valued at approximately $6,353,000. Vanguard Group Inc. bought a new position in shares of Palomar during the second quarter valued at approximately $3,778,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Palomar during the second quarter valued at approximately $2,833,000. Institutional investors and hedge funds own 1.57% of the company’s stock.
Palomar Company Profile
There is no company description available for Palomar Holdings Inc
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