Analysts have recently issued research reports about the stock. In a research note on April 1, Piper Sandler issued a neutral rating with a $9.00 target price on shares of Heritage Insurance.
Truist Financial raised their price objective on shares of NYSE HRTG from $9.00 to $11.00. They also gave the company a buy rating in a research report last March 13. Lastly, last March 21, Stocknews.com raised Heritage Insurance from a hold rating to buy a rating in a research note. Two investment analysts have rated the stocks with a hold rating, while two have issued a buy rating for the stock. The company has an average rating of Moderate Buy and an average target price of $9.00 based on a data from MarketBeat.com.
Recently, NYSE HRTG opened at $9.44. The firm has a market cap of $285.28 million, along with a P/E ratio of 5.49 and a beta of 0.89. Heritage Insurance has a 52-week low of $2.95 and a 52-week high of $11.23. The business’s 50-day moving average price is $8.22 and its 200 day moving average price is $7.23. The company has a quick ratio of 0.77, a current ratio of 0.77, and a debt-to-equity ratio of 0.54.
NYSE: HRTG released its earnings results on March 11, reporting $1.15 EPS (earnings per share) for the quarter. This beats the consesus of analysts in an estimate of $0.45 by $0.70. NYSE NHRTG had a return equity of 26.69% as well as a net margin of 6.16%. For the quarter, the business had revenue of $186.97 million. This is in comparison to the estimate of the analysts of $185.11 million. Equities research analysts expect that NYSE HRTG will post 1.52 earnings per share for 2024 on average.
