Palomar (NASDAQ:PLMR) Receives “Buy” Rating from Evercore ISI
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.
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.
There is no company description available for Palomar Holdings Inc
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