Zacks Investment Research downgraded shares of Palomar (NASDAQ:PLMR) from a buy rating to a hold rating in a report published on Thursday, Zacks.com reports.

According to Zacks, “Palomar Holdings Inc. is a property insurance company. It is focused on providing specialty property insurance products for individuals and businesses. The company’s primary business includes Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Commercial All Risk, Hawaii Hurricane, Residential Flood and REI. Palomar Holdings Inc. is based in La Jolla, United States. “

A number of other equities research analysts also recently weighed in on PLMR. JPMorgan Chase & Co. upped their price target on shares of Vermilion Energy from C$42.00 to C$43.00 in a report on Monday, May 13th. Barclays lowered shares of Buckeye Partners from an overweight rating to an equal weight rating in a research note on Monday, May 13th. SunTrust Banks started coverage on shares of Palomar in a research note on Monday, May 13th. They set a buy rating and a $27.00 price objective for the company. Evercore ISI started coverage on shares of Palomar in a research note on Monday, May 13th. They set an outperform rating for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of Palomar in a research note on Sunday, May 12th. They set an outperform rating and a $24.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Palomar presently has a consensus rating of Buy and a consensus target price of $25.40.

Shares of NASDAQ PLMR opened at $26.45 on Thursday. Palomar has a twelve month low of $18.06 and a twelve month high of $27.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a 50-day simple moving average of $24.23.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.12. The business had revenue of $22.31 million during the quarter, compared to analyst estimates of $16.85 million. On average, equities research analysts forecast that Palomar will post 1.66 EPS for the current year.

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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