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 most optimistic analyst gave a price target of 16, which equates to a potential upside of 9.97 percent. The lowest price target was 15, which equates to a potential downside 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. Meanwhile, fiscal year estimates have been revised upwards by 8.75 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 12.55 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

The growth rate of TPRE's earnings is estimated by analysts to be 51.34 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. 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. TPRE has a PEG ratio of 0.16.

In the trailing 52-weeks, TPRE hit 14.70 at the highest peak, while it's lowest trading point was 11.05. Currently the stock is 31.67 percent higher than its low, and 1.02 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.