Palomar (NASDAQ:PLMR) Stock Rating Reaffirmed by Evercore ISI

Palomar (NASDAQ:PLMR)‘s stock had its “buy” rating reissued by analysts at Evercore ISI in a research note issued to investors on Monday, TipRanks reports.

A number of other research analysts have also issued reports on PLMR. SunTrust Banks started coverage on Palomar in a research report on Monday, May 13th. They set a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research lowered Palomar from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. raised their price objective on Palomar from $27.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. William Blair began coverage on Palomar in a report on Tuesday, May 14th. They issued an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods began coverage on Palomar in a report on Sunday, May 12th. They issued an “outperform” rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Palomar currently has an average rating of “Buy” and an average target price of $28.00.

Shares of NASDAQ PLMR traded down $0.24 during midday trading on Monday, reaching $34.09. 207,970 shares of the stock were exchanged, compared to its average volume of 114,741. Palomar has a twelve month low of $18.06 and a twelve month high of $34.74. The firm has a 50-day moving average price of $26.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.39 and a quick ratio of 0.39.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $25.41 million for the quarter, compared to analyst estimates of $24.25 million. Analysts anticipate that Palomar will post 1.66 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Palomar in the 2nd quarter worth $36,000. JPMorgan Chase & Co. acquired a new stake in shares of Palomar in the 2nd quarter worth $39,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Palomar in the 2nd quarter worth $201,000. LPL Financial LLC acquired a new stake in shares of Palomar in the 2nd quarter worth $203,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Palomar in the 2nd quarter worth $249,000. 1.57% of the stock is owned by institutional investors and hedge funds.

About Palomar

There is no company description available for Palomar Holdings Inc

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Palomar (NASDAQ:PLMR)

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