Essent Group (NYSE:ESNT) has been downgraded from Buy to Neutral in a report by BofA Merrill today.
- Updated: October 2, 2016
BofA Merrill has downgraded Essent Group (NYSE:ESNT) from Buy to Neutral in a report released on 9/28/2016.
Previously on Wednesday September 07, 2016, Barclays Capital reported about Essent Group (NYSE:ESNT) increased the target price from $27.00 to $30.00. At the time, this indicated a possible upside of 0.13%.
Yesterday Essent Group (NYSE:ESNT) traded 0.60% higher at $26.68. ESNT’s 50-day average is $26.60 and its two hundred day average is $22.83. With the last close up 16.54% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 670,503 shares of ESNT changing hands over the typical 557,098
Recent Performance Chart
Essent Group has 52 week low of $16.49 and a one year high of $28.62 with a price-earnings ratio of 13.17 and has a total market value of $0.
A total of 10 analysts have released a report on Essent Group. 4 brokerages rating the stock a strong buy, 5 firms rating the company a buy, six analysts rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $24.35.
About Essent Group (NYSE:ESNT)
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia. The Company offers primary and pool private mortgage insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance is used to provide additional credit for certain secondary market and other mortgage transactions.
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