Analyst Ratings for Third Point Reinsurance Ltd. (TPRE)

Updated: 2017-07-27

An average rating of Overweight has been given to Third Point Reinsurance Ltd. (NYSE:TPRE) by analysts covering the stock. Last month, TPRE received an average rating of Overweight.

Of the 6 analysts covering the stock, 4 gave it a buy rating, 0 gave an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for TPRE. The highest price target was 16, implying potential capital gains of 9.97 percent. The most pessimistic analyst gave a price target of 15, implying a possible loss of 3.09 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 34.32 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 88 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 8.75 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 12.55 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of TPRE to grow at a rate of 51.34 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of TPRE is 0.16.

In the last 52-weeks, TPRE has achieved a high of 14.70 and a low of 11.05. The current market price is above the trailing year's low by 31.67 percent, and 1.02 percent lower than its 52-week high. TPRE has a P/E ratio of 8.46. Investors typically compare the P/E ratio to a company's peers in the industry. The TPRE value stock report compares TPRE to some of its peers using value stock charts. The market cap of TPRE is $1.55 billion. TPRE's next earnings release will be on 0000-00-00, which is days away.