Palomar (NASDAQ:PLMR)‘s stock had its “buy” rating reissued by stock analysts at Evercore ISI in a research report issued to clients and investors on Monday, TipRanks reports.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Palomar from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. William Blair began coverage on shares of Palomar in a report on Tuesday, May 14th. They set an “outperform” rating for the company. SunTrust Banks began coverage on shares of Palomar in a report on Monday, May 13th. They set a “buy” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Palomar from $27.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods began coverage on shares of Palomar in a report 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. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.

Shares of PLMR traded down $0.08 during mid-day trading on Monday, hitting $34.25. 182,761 shares of the company traded hands, compared to its average volume of 113,591. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $26.51. Palomar has a 1 year low of $18.06 and a 1 year high of $34.74.

Palomar (NASDAQ:PLMR) last released its quarterly earnings data on Monday, August 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $25.41 million for the quarter, compared to analysts’ expectations of $24.25 million. As a group, analysts expect that Palomar will post 1.66 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new stake in Palomar during the second quarter valued at approximately $36,000. JPMorgan Chase & Co. bought a new stake in Palomar during the second quarter valued at approximately $39,000. Quantitative Systematic Strategies LLC bought a new stake in Palomar during the second quarter valued at approximately $201,000. LPL Financial LLC bought a new stake in Palomar during the second quarter valued at approximately $203,000. Finally, Tower Research Capital LLC TRC bought a new stake in Palomar during the second quarter valued at approximately $249,000. Institutional investors own 1.57% of the company’s stock.

About Palomar

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Analyst Recommendations for Palomar (NASDAQ:PLMR)

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