A share price of Essent Group Ltd [ESNT] is currently trading at $55.66, down -2.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ESNT shares have gain 0.67% over the last week, with a monthly amount drifted -13.76%, and not 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 August 05, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $70 from $65. Previously, JP Morgan downgraded its rating to Neutral on April 03, 2024, and elevated its price target to $61. On December 06, 2023, UBS initiated with a Neutral rating and assigned a price target of $54 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $60 on November 15, 2023. Keefe Bruyette downgraded its rating to a Mkt Perform but $50 remained the price target by the analyst firm on June 13, 2023. Barclays downgraded its rating to Equal Weight for this stock on January 06, 2023, and downed its price target to $43. In a note dated January 05, 2023, Goldman downgraded an Neutral rating on this stock but restated the target price of $44.
Essent Group Ltd experienced fluctuations in its stock price throughout the past year between $47.56 and $65.33. Currently, Wall Street analysts expect the stock to reach $73.75 within the next 12 months. Essent Group Ltd [NYSE: ESNT] shares were valued at $55.66 at the most recent close of the market. An investor can expect a potential return of 32.5% based on the average ESNT price forecast.
Analyzing the ESNT fundamentals
Trailing Twelve Months sales for Essent Group Ltd [NYSE:ESNT] were 1.20B which represents 6.52% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.71%, and Net Profit Margin reading is 0.61%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.14 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 54.97 points at the first support level, and at 54.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.76, and for the 2nd resistance point, it is at 57.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Essent Group Ltd [NYSE:ESNT] is 7.92. Considering the valuation of this stock, the price to sales ratio is 4.91, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 8.06.
Transactions by insiders
Recent insider trading involved WEINSTOCK DAVID B, SVP and CFO, that happened on Sep 18 ’24 when 2000.0 shares were sold. Officer, WEINSTOCK DAVID B completed a deal on Sep 18 ’24 to buy 2000.0 shares. Meanwhile, Director KASMAR ROY JAMES sold 5000.0 shares on Aug 06 ’24.
