Key Takeaways From ProAssurance Analyst Ratings
Portfolio Pulse from Benzinga Insights
ProAssurance (NYSE:PRA) received mixed analyst ratings in the latest quarter with 5 analysts offering views that ranged from somewhat bullish to indifferent. The average 12-month price target for PRA is now $17.8, marking a 4.71% increase from the previous target of $17.00. Analyst actions included both raises and lowers in ratings and price targets, reflecting adjustments to market conditions and company performance. ProAssurance, a holding company for various insurance subsidiaries, has shown a revenue growth rate of 2.9% as of March 31, 2024, but trails behind industry averages in ROE and ROA, despite a strong net margin of 1.64% and a low debt-to-equity ratio.
May 08, 2024 | 7:00 pm
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NEUTRAL IMPACT
ProAssurance received mixed analyst ratings, with an updated average 12-month price target of $17.8. Despite positive revenue growth, the company's ROE and ROA remain below industry averages.
The mixed analyst ratings with a slight increase in the price target suggest a neutral short-term impact on PRA's stock price. The positive revenue growth indicates potential, but the below-average ROE and ROA could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100