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.

Several price targets were given for TPRE by the analysts covering the stock. The highest price target was 16, implying a possible profit of 9.97 percent. The most pessimistic analyst gave a price target of 15, implying potential capital losses 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. 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 have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of TPRE to grow at a rate of 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, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Currently the stock is 31.67 percent higher than its low, and 1.02 percent lower than its 52-week high. TPRE has a price/earnings 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 stock has a market capitalization of $1.55 billion. TPRE's next earnings release will be on 0000-00-00, which is days away.