Amerisafe Given New $29.00 Price Target at FBR Capital (AMSF)
Equities researchers at FBR Capital boosted their target price on shares of Amerisafe (NASDAQ: AMSF) from $25.00 to $29.00 in a report issued on Thursday. The firm currently has a “market perform” rating on the stock.
Shares of Amerisafe opened at 34.24 on Thursday. Amerisafe has a 52 week low of $22.00 and a 52 week high of $34.85. The stock’s 50-day moving average is currently $30.34. The company has a market cap of $623.2 million and a P/E ratio of 21.67.
Amerisafe last announced its earnings results on Wednesday, February 27th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.11. The company had revenue of $85.60 million for the quarter, compared to the consensus estimate of $82.52 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Analysts expect that Amerisafe will post $1.95 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AMSF. Analysts at Zacks upgraded shares of Amerisafe from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $41.00 price target on the stock. Finally, analysts at KBW raised their price target on shares of Amerisafe from $27.00 to $30.00 in a research note to investors on Thursday, February 28th. They now have a “market perform” rating on the stock.
The company also recently declared a special dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, March 12th.
AMERISAFE, Inc. (AMERISAFE) is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking and agriculture.
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