Palomar (NASDAQ:PLMR) Price Target Increased to $40.00 by Analysts at JPMorgan Chase & Co.

Palomar (NASDAQ:PLMR) had its target price raised by JPMorgan Chase & Co. from $27.00 to $40.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently commented on PLMR. Evercore ISI initiated coverage on Palomar in a report on Monday, May 13th. They set an outperform rating for the company. Zacks Investment Research cut Palomar from a buy rating to a hold rating in a report on Thursday, July 18th. William Blair initiated coverage on Palomar in a report on Tuesday, May 14th. They set an outperform rating for the company. Keefe, Bruyette & Woods initiated coverage on Palomar in a report on Sunday, May 12th. They set an outperform rating and a $24.00 price target for the company. Finally, Barclays initiated coverage on Palomar in a report on Monday, May 13th. They set an equal weight rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $28.00.

Shares of NASDAQ PLMR opened at $34.33 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $26.51. Palomar has a fifty-two week low of $18.06 and a fifty-two week high of $34.74.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $25.41 million for the quarter, compared to analyst estimates of $24.25 million. As a group, equities research analysts forecast that Palomar will post 1.66 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of PLMR. Strs Ohio bought a new stake in shares of Palomar in the 2nd quarter valued at approximately $36,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Palomar in the 2nd quarter valued at approximately $201,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of Palomar in the 2nd quarter valued at approximately $2,449,000. One Tusk Investment Partners LP bought a new stake in shares of Palomar in the 2nd quarter valued at approximately $2,404,000. Finally, Axiom International Investors LLC DE bought a new stake in shares of Palomar in the 2nd quarter valued at approximately $1,419,000. 1.57% of the stock is owned by institutional investors.

Palomar Company Profile

There is no company description available for Palomar Holdings Inc

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Analyst Recommendations for Palomar (NASDAQ:PLMR)

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