Kinsale Capital Shares Surpass Analyst Target Price of $480.44
In recent trading, shares of Kinsale Capital Group Inc (Symbol: KNSL) have climbed above the average analyst 12-month target price of $480.44, currently trading at $482.70 per share. When a stock meets the target set by analysts, they typically have two options: either downgrade based on valuation or revise their target price higher. Analysts may also consider the fundamental business developments that have contributed to the stock’s rise. If the outlook for Kinsale looks promising, raising the target price could be prudent.
There are nine different analyst targets within the Zacks coverage universe that contribute to the average for Kinsale Capital Group Inc. However, this average represents a mathematical calculation and may not capture the views of all analysts. One analyst holds a lower target of $402.00, while another sets their target as high as $535.00. The standard deviation among these targets is $43.75.
The rationale behind examining the average target for KNSL lies in the “wisdom of crowds,” synthesizing the insights from multiple analysts. As KNSL surpasses the average target price of $480.44, investors are prompted to reassess the company and determine their investment strategy: Is $480.44 a stepping stone to an even higher target, or is the valuation stretched enough to consider pulling back? Below is a summary of the current analyst opinions regarding Kinsale Capital Group Inc:
| Recent KNSL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 10 | 10 | 10 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.54 | 2.54 | 2.54 | 2.54 |
The average rating displayed in the table ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. This analysis is based on data supplied by Zacks Investment Research via Quandl.com. For the latest Zacks research report on KNSL — available for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
