JP Morgan raised the price target for the Essent Group Ltd. (NYSE:ESNT) stock from “an Overweight” to “a Neutral”. The rating was released on January 19, 2021. The research report from Keefe Bruyette has downgraded the stock from Outperform to Mkt Perform, with a price target set at $40. The stock was upgraded by MKM Partners, who disclosed in a research note on March 11, 2020, from Neutral to Buy and set the price objective to $50. In their research brief published January 17, 2020, JP Morgan analysts upgraded the Essent Group Ltd. stock from Neutral to Overweight with a price target of $57.50.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Essent Group Ltd. (NYSE:ESNT) raised 3.59% to close Friday’s market session at $47.90, higher as compared to yesterday’s close. The stock price fluctuated between $46.915 and $48.23 throughout the trading session with the volume trading being 889795 shares, which represented a significant variation when compared to the three months average volume of 649.22K shares. The firm’s stock price fluctuated 6.04% within the last five trades and 10.88% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 9.69% in the last 6 months and -3.62% was subtracted to its value over the previous 3 months. ESNT stock is trading at a margin of 8.18%, 4.79% and 5.35% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ESNT deals in the Financial domain. The stock is trading -11.66 percent below its 52-week high and 44.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 27.65. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Essent Group Ltd.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 50.50 percent and the profit margin is 41.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.39 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Essent Group Ltd. (NYSE:ESNT) is 13.42. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.91. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.55 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.37, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.50 percent of Essent Group Ltd. shares are owned by insiders, and 98.80 percent are held by financial institutions. SPIEGEL WILLIAM, the Director at Essent Group Ltd. (ESNT) has sold 8,055 shares of firm on May 28 at a price of $47.87 against the total amount of $0.39 million. In another inside trade, KASMAR ROY JAMES, Director of Essent Group Ltd. (NYSE:ESNT) sold 3,100 shares of the firm on May 27 for a total worth of $0.15 million at a price of $48.63. An inside trade which took place on May 26, Director of Essent Group Ltd. KASMAR ROY JAMES sold 3,214 shares of firm against total price of $0.15 million at the cost of $47.31 per share.