Patriot National Inc. (PN) Trading Up 5.7%
Patriot National Inc. (NYSE:PN)’s share price was up 5.7% on Friday . The stock traded as high as $9.80 and last traded at $9.77, with a volume of 182,377 shares trading hands. The stock had previously closed at $9.24.
Several equities analysts have recently weighed in on PN shares. Zacks Investment Research raised shares of Patriot National from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Compass Point lowered shares of Patriot National from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $10.00 in a report on Friday, May 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.00.
The company has a 50 day moving average of $8.11 and a 200 day moving average of $7.34. The company has a market capitalization of $256.24 million and a P/E ratio of 90.95.
Patriot National (NYSE:PN) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. The company earned $64.60 million during the quarter, compared to analysts’ expectations of $62.35 million. On average, equities research analysts expect that Patriot National Inc. will post $0.97 earnings per share for the current year.
Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration.
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