Kinsale Capital Group (KNSL, Financial) has caught the eye of B of A Securities as analyst Joseph Tumillo initiates coverage on the stock, marking a significant development for investors. The financial firm has assigned a "Buy" rating to the company's stock, setting an optimistic tone for its market outlook.
The coverage initiation is coupled with a price target announcement. B of A Securities has set the price target for Kinsale Capital Group (KNSL, Financial) at $543.00 USD. This target reflects the firm's assessment of the stock's potential over the coming periods, offering insights into expected performance metrics.
Investors and market participants may find the initiation and the assigned "Buy" rating important as it underscores potential positive momentum for Kinsale Capital Group (KNSL, Financial). The move by B of A Securities, particularly from analyst Joseph Tumillo, adds a layer of informed analysis for stakeholders deciding on market positions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Kinsale Capital Group Inc (KNSL, Financial) is $479.14 with a high estimate of $535.00 and a low estimate of $429.00. The average target implies an upside of 1.73% from the current price of $471.00. More detailed estimate data can be found on the Kinsale Capital Group Inc (KNSL) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Kinsale Capital Group Inc's (KNSL, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" 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 Kinsale Capital Group Inc (KNSL, Financial) in one year is $638.94, suggesting a upside of 35.66% from the current price of $471. 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 Kinsale Capital Group Inc (KNSL) Summary page.
