Evercore ISI restated their buy rating on shares of Palomar (NASDAQ:PLMR) in a research note published on Monday, TipRanks reports.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Palomar from a buy rating to a hold rating in a research report on Thursday, July 18th. SunTrust Banks began coverage on shares of Palomar in a research report on Monday, May 13th. They set a buy rating and a $27.00 price objective for the company. William Blair began coverage on shares of Palomar in a research report on Tuesday, May 14th. They issued an outperform rating for the company. JPMorgan Chase & Co. increased their target price on shares of Palomar from $27.00 to $40.00 and gave the company an overweight rating in a research report on Tuesday. Finally, Barclays began coverage on shares of Palomar in a research report on Monday, May 13th. They issued an equal weight rating and a $20.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $28.00.

NASDAQ:PLMR traded down $0.24 during trading hours on Monday, reaching $34.09. 207,970 shares of the company were exchanged, compared to its average volume of 114,741. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50-day moving average of $26.51. Palomar has a twelve month low of $18.06 and a twelve month high of $34.74.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. The company had revenue of $25.41 million for the quarter, compared to analyst estimates of $24.25 million. Research analysts forecast that Palomar will post 1.66 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Palomar during the 2nd quarter valued at about $36,000. JPMorgan Chase & Co. acquired a new stake in Palomar in the 2nd quarter valued at approximately $39,000. Quantitative Systematic Strategies LLC acquired a new stake in Palomar in the 2nd quarter valued at approximately $201,000. LPL Financial LLC acquired a new stake in Palomar in the 2nd quarter valued at approximately $203,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Palomar in the 2nd quarter valued at approximately $249,000. 1.57% of the stock is owned by hedge funds and other institutional investors.

About Palomar

There is no company description available for Palomar Holdings Inc

Read More: What is a price target?

Analyst Recommendations for Palomar (NASDAQ:PLMR)

Receive News & Ratings for Palomar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palomar and related companies with MarketBeat.com's FREE daily email newsletter.