Demystifying ProAssurance: Insights From 4 Analyst Reviews
Portfolio Pulse from Benzinga Insights
ProAssurance (NYSE:PRA) has been the subject of 4 analyst reviews over the past three months, showing a mix of bullish to indifferent sentiments. The average 12-month price target has been adjusted to $18.75, marking a 6.25% decrease. Analysts from Piper Sandler, JMP Securities, and Truist Securities have lowered their price targets, reflecting a cautious outlook on the company's performance. ProAssurance, a provider of professional liability insurance, faces challenges in revenue growth, net margin, ROE, and ROA, lagging behind industry averages.
March 04, 2024 | 4:01 pm
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NEGATIVE IMPACT
ProAssurance faces a cautious outlook from analysts, with a decrease in the average price target and concerns over financial metrics.
The decrease in the average price target by analysts, combined with the company's challenges in revenue growth, net margin, ROE, and ROA, suggests a negative short-term impact on ProAssurance's stock price. The consistent lowering of price targets by analysts from reputable firms indicates a bearish sentiment towards the company's financial health and operational efficiency.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100