Investors are poised to add Proassurance Corporation (PRA) Stock to their long term portfolios

Proassurance Corporation [PRA] stock is trading at $23.35, up 0.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRA shares have gain 0.82% over the last week, with a monthly amount glided 49.30%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Proassurance Corporation [NYSE: PRA] stock has seen the most recent analyst activity on November 11, 2024, when Piper Sandler downgraded its rating to a Neutral but kept the price target unchanged to $18 for it. Previously, Janney started tracking the stock with Neutral rating on February 24, 2023, and set its price target to $21. On August 10, 2021, upgrade upgraded it’s rating to Overweight and revised its price target to $26 on the stock. Piper Sandler upgraded its rating to a Neutral but stick to its price target of $14 on July 09, 2020. Piper Sandler downgraded its rating to a Underweight but $38 remained the price target by the analyst firm on January 08, 2020. Keefe Bruyette upgraded its rating to Mkt Perform for this stock on January 03, 2020. In a note dated May 20, 2019, Keefe Bruyette downgraded an Underperform rating on this stock but restated the target price of $33.

Proassurance Corporation [PRA] stock has fluctuated between $10.76 and $23.43 over the past year. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Proassurance Corporation [NYSE: PRA] shares were valued at $23.35 at the most recent close of the market. An investor can expect a potential drop of -22.91% based on the average PRA price forecast.

Analyzing the PRA fundamentals

Proassurance Corporation [NYSE:PRA] reported sales of 1.15B for the trailing twelve months, which represents a drop of -2.31%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.

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 23.31 points at the first support level, and at 23.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.38, and for the 2nd resistance point, it is at 23.41.

Ratios To Look Out For

For context, Proassurance Corporation’s Current Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 22.67.

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