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

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

A number of other analysts have also issued reports on the stock. Barclays assumed coverage on shares of Palomar in a research note on Monday, May 13th. They set an “equal weight” rating and a $20.00 target price for the company. SunTrust Banks assumed coverage on shares of Palomar in a research note on Monday, May 13th. They set a “buy” rating and a $27.00 target price for the company. William Blair assumed coverage on shares of Palomar in a research note on Tuesday, May 14th. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Palomar from $27.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Palomar in a research note on Sunday, May 12th. They set an “outperform” rating and a $24.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $28.00.

PLMR stock traded down $0.24 during mid-day trading on Monday, reaching $34.09. 207,970 shares of the stock traded hands, compared to its average volume of 114,741. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.19. Palomar has a one year low of $18.06 and a one year high of $34.74. The company has a 50-day simple moving average of $26.51.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.06. The firm had revenue of $25.41 million for the quarter, compared to the consensus estimate of $24.25 million. As a group, equities research analysts expect that Palomar will post 1.66 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. One Tusk Investment Partners LP purchased a new stake in Palomar in the second quarter worth about $2,404,000. Kornitzer Capital Management Inc. KS purchased a new stake in Palomar in the second quarter worth about $2,449,000. Quantitative Systematic Strategies LLC purchased a new stake in Palomar in the second quarter worth about $201,000. Strs Ohio purchased a new stake in Palomar in the second quarter worth about $36,000. Finally, BlackRock Inc. purchased a new stake in Palomar in the second quarter worth about $7,118,000. 1.57% of the stock is owned by hedge funds and other institutional investors.

About Palomar

There is no company description available for Palomar Holdings Inc

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Analyst Recommendations for Palomar (NASDAQ:PLMR)

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