A share price of Essent Group Ltd [ESNT] is currently trading at $58.03, up 3.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ESNT shares have gain 3.85% over the last week, with a monthly amount glided 11.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Essent Group Ltd [NYSE: ESNT] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $54. Previously, Barclays started tracking the stock with Overweight rating on November 15, 2023, and set its price target to $60. On June 13, 2023, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $50 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $43 on January 06, 2023. Goldman downgraded its rating to a Neutral but $44 remained the price target by the analyst firm on January 05, 2023. JP Morgan upgraded its rating to Overweight for this stock on April 11, 2022, but kept the price target unchanged to $47. In a note dated December 13, 2021, Keefe Bruyette upgraded an Outperform rating on this stock but restated the target price of $51.
Essent Group Ltd experienced fluctuations in its stock price throughout the past year between $37.32 and $56.45. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. Essent Group Ltd [NYSE: ESNT] shares were valued at $58.03 at the most recent close of the market. An investor can expect a potential drop of -15.56% based on the average ESNT price forecast.
Analyzing the ESNT fundamentals
Trailing Twelve Months sales for Essent Group Ltd [NYSE:ESNT] were 1.09B which represents 27.13% growth. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.74%, and Net Profit Margin reading is 0.62%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.14 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 56.31 points at the first support level, and at 54.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.15, and for the 2nd resistance point, it is at 60.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Essent Group Ltd [NYSE:ESNT] is 6.74. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 8.93.
Transactions by insiders
Recent insider trading involved Bhasin Vijay, SVP and Chief Risk Officer, that happened on Jan 19 ’24 when 12925.0 shares were sold. SVP and Chief Legal Officer, Gibbons Mary Lourdes completed a deal on Jan 19 ’24 to sell 5000.0 shares. Meanwhile, SVP and Chief Legal Officer Gibbons Mary Lourdes sold 8355.0 shares on Dec 14 ’23.
