Analyst Ratings for Essent Group Ltd. (ESNT)

Updated: 2017-07-27

An average rating of Overweight has been given to Essent Group Ltd. (NYSE:ESNT) by analysts covering the stock. ESNT had previously received a consensus rating of Overweight a month ago.

A buy rating was issued by 5 analysts, 0 gave an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.

Many analysts weighed in on price targets for ESNT. The maximum price target given was 44, implying a possible profit of 16.34 percent. The most pessimistic analyst gave a price target of 36, which equates to a potential downside of -4.81 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -0.72 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -3.5 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.34 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.85 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.

ESNT has an estimated earnings growth rate of 8.41 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ESNT is 1.72.

ESNT has a 52-week high of 39.61 and a 52-week low of 23.38. The current market price is above the trailing year's low by 61.76 percent, and 4.52 percent below the high. ESNT has a price/earnings ratio of 14.44. Investors typically compare the P/E ratio to a company's peers in the industry. The ESNT value stock report compares ESNT to some of its peers using value stock charts. The stock has a market capitalization of $3.58 billion. ESNT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.