Patriot National Inc. (PN) Stock Price Down 1.8%
Patriot National Inc. (NYSE:PN) was down 1.8% during trading on Monday . The stock traded as low as $8.80 and last traded at $8.88, with a volume of 69,690 shares traded. The stock had previously closed at $9.04.
Several equities research analysts have commented on PN shares. Zacks Investment Research upgraded Patriot National from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Compass Point lowered Patriot National from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $10.00 in a research report on Friday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Patriot National presently has an average rating of “Hold” and a consensus target price of $10.00.
The firm has a market cap of $237.76 million and a PE ratio of 15.92. The stock’s 50-day moving average price is $8.61 and its 200 day moving average price is $7.70.
Patriot National (NYSE:PN) last issued its earnings results on Monday, August 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.10. The firm earned $56.50 million during the quarter, compared to analyst estimates of $64.76 million. Equities research analysts expect that Patriot National Inc. will post $0.84 earnings per share for the current fiscal 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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