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Do Analysts Expect Essent Group Ltd (ESNT) Stock to Rise After It Has Fallen -0.72% in a Month?

Monday, May 23, 2022 12:39 PM | InvestorsObserver Analysts

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Do Analysts Expect Essent Group Ltd (ESNT) Stock to Rise After It Has Fallen -0.72% in a Month?

InvestorsObserver is giving Essent Group Ltd (ESNT) an Analyst Rating Rank of 59, meaning ESNT is ranked higher by analysts than 59% of stocks. The average price target for ESNT is $56.333 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.6
Wall Street analysts are rating ESNT a Strong Buy today. Find out what this means to you and get the rest of the rankings on ESNT!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Essent Group Ltd Stock Today?

Essent Group Ltd (ESNT) stock is trading at $41.24 as of 12:36 PM on Monday, May 23, an increase of $0.76, or 1.88% from the previous closing price of $40.48. The stock has traded between $40.64 and $41.66 so far today. Volume today is below average. So far 224,680 shares have traded compared to average volume of 711,627 shares. Click Here to get the full Stock Report for Essent Group Ltd stock.

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