Watford Hldg Ltd (NASDAQ:WTRE) Receives $29.00 Consensus PT from Brokerages

Shares of Watford Hldg Ltd (NASDAQ:WTRE) have received a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

Several research firms have commented on WTRE. Zacks Investment Research raised Watford from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Morgan Stanley initiated coverage on Watford in a research report on Wednesday, November 6th. They issued an “equal weight” rating and a $28.00 target price for the company.

A number of large investors have recently modified their holdings of WTRE. BlackRock Inc. purchased a new stake in Watford during the 2nd quarter worth $28,301,000. JPMorgan Chase & Co. boosted its position in Watford by 762.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 474,114 shares of the company’s stock valued at $12,976,000 after buying an additional 419,114 shares during the last quarter. State Street Corp boosted its position in Watford by 36.8% in the 3rd quarter. State Street Corp now owns 335,688 shares of the company’s stock valued at $9,047,000 after buying an additional 90,346 shares during the last quarter. Vanguard Group Inc. acquired a new stake in shares of Watford during the second quarter valued at about $3,377,000. Finally, Blackstone Group Inc lifted its stake in shares of Watford by 58.6% in the second quarter. Blackstone Group Inc now owns 95,143 shares of the company’s stock worth $2,609,000 after acquiring an additional 35,143 shares in the last quarter. 18.80% of the stock is owned by institutional investors.

Shares of WTRE stock opened at $25.99 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29. The company’s fifty day simple moving average is $26.79 and its 200-day simple moving average is $25.68. Watford has a 52 week low of $18.75 and a 52 week high of $28.99.

Watford (NASDAQ:WTRE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Watford had a negative return on equity of 1.82% and a negative net margin of 2.81%. The business had revenue of $140.45 million for the quarter. As a group, research analysts forecast that Watford will post 3.48 earnings per share for the current year.

About Watford

Watford Holdings Ltd., together with its subsidiaries, operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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Analyst Recommendations for Watford (NASDAQ:WTRE)

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