EMC Insurance Group (NASDAQ:EMCI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $29.50 price target on the stock. Zacks‘s price objective indicates a potential downside of 4.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of EMC Insurance Group from $34.00 to $33.00 in a research note on Tuesday, July 22nd. They now have a “market perform” rating on the stock. Separately, analysts at Sandler O’Neill cut their price target on shares of EMC Insurance Group from $39.00 to $38.00 in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. EMC Insurance Group currently has a consensus rating of “Buy” and a consensus price target of $30.19.
Shares of EMC Insurance Group (NASDAQ:EMCI) traded down 0.55% on Friday, hitting $30.90. The stock had a trading volume of 24,725 shares. EMC Insurance Group has a 52 week low of $26.23 and a 52 week high of $36.50. The stock’s 50-day moving average is $31.40 and its 200-day moving average is $31.64. The company has a market cap of $415.9 million and a price-to-earnings ratio of 10.28.
EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Monday, July 21st. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.33. Analysts expect that EMC Insurance Group will post $2.13 EPS for the current fiscal year.
EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.
To view Zacks’ full report, visit Zacks’ official website.
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