In recent stock market news, Essent Group (ESNT, Financial) witnessed a positive revision in its price target by analyst Giuliano Bologna from Compass Point. The price target has been raised from $62.00 to $69.00, indicating an 11.29% increase. The analyst maintains a "Buy" rating on the stock.
This adjustment reflects the analyst's confidence in Essent Group's performance and future growth prospects. The rating, which remains unchanged at "Buy," suggests that the stock continues to present a compelling investment opportunity.
Investors in Essent Group (ESNT, Financial) may find this update significant as it underscores the analyst's positive outlook. As the market digests this news, Essent Group (ESNT) remains a stock to watch for potential upward movement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Essent Group Ltd (ESNT, Financial) is $64.71 with a high estimate of $70.00 and a low estimate of $58.00. The average target implies an upside of 11.94% from the current price of $57.81. More detailed estimate data can be found on the Essent Group Ltd (ESNT) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Essent Group Ltd's (ESNT, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Essent Group Ltd (ESNT, Financial) in one year is $61.01, suggesting a upside of 5.54% from the current price of $57.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Essent Group Ltd (ESNT) Summary page.
