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.
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.
There is no company description available for Palomar Holdings Inc
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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