Patriot National Inc. (PN) Shares Up 4%
Shares of Patriot National Inc. (NYSE:PN) shot up 4% during mid-day trading on Friday . The stock traded as high as $9.05 and last traded at $9.03, with a volume of 66,798 shares trading hands. The stock had previously closed at $8.68.
Several research firms recently issued reports on PN. Compass Point downgraded shares of Patriot National from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $10.00 in a research report on Friday, May 13th. Zacks Investment Research downgraded shares of Patriot National from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.00.
The stock has a market cap of $239.88 million and a PE ratio of 16.06. The stock has a 50-day moving average price of $8.74 and a 200-day moving average price of $7.75.
Patriot National (NYSE:PN) last released its quarterly earnings data on Monday, August 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.10. The firm earned $56.50 million during the quarter, compared to analysts’ expectations of $64.76 million. On average, analysts anticipate 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.