Rating Alert: Jefferies Analyst Reaffirmed GBX 445.00 Price Target on Essentra (LON:ESNT) stock, While Reiterating Buy Rating

November 25, 2016 - By Marguerite Chambers

Essentra (LON:ESNT) Rating

The company have set PT of GBX 445.00 on Essentra (LON:ESNT) shares. This is 15.14% from the last stock price. In an analyst report published on Friday morning, Jefferies reconfirmed their Buy rating on shares of ESNT.

Essentra PLC (LON:ESNT) Ratings Coverage

Out of 6 analysts covering Essentra (LON:ESNT), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. GBX 1060 is the highest target while GBX 425 is the lowest. The GBX 565.33 average target is 45.55% above today’s (GBX 388.4) stock price. Essentra has been the topic of 38 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, August 20 by JP Morgan. The company was maintained on Thursday, October 15 by Deutsche Bank. JP Morgan maintained the stock with “Neutral” rating in Monday, October 19 report. JP Morgan downgraded Essentra PLC (LON:ESNT) on Monday, August 1 to “Underweight” rating. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, November 22 report. As per Monday, June 13, the company rating was maintained by Deutsche Bank. JP Morgan maintained Essentra PLC (LON:ESNT) rating on Tuesday, September 1. JP Morgan has “Neutral” rating and GBX 955 price target. On Tuesday, June 21 the stock rating was maintained by Citigroup with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Friday, August 26. Numis Securities maintained the shares of ESNT in a report on Friday, June 10 with “Buy” rating.

About 394,817 shares traded hands. Essentra PLC (LON:ESNT) has declined 53.45% since April 27, 2016 and is downtrending. It has underperformed by 58.86% the S&P500.

Analysts await Essent Group Ltd (NYSE:ESNT) to report earnings on February, 10. They expect $0.62 EPS, up 31.91% or $0.15 from last year’s $0.47 per share. ESNT’s profit will be $58.30 million for 11.83 P/E if the $0.62 EPS becomes a reality. After $0.65 actual EPS reported by Essent Group Ltd for the previous quarter, Wall Street now forecasts -4.62% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.98 in Q2 2016. Its up 0.54, from 1.44 in 2016Q1. The ratio increased, as 16 funds sold all Essentra PLC shares owned while 38 reduced positions. 24 funds bought stakes while 54 increased positions. They now own 70.39 million shares or 0.71% more from 69.90 million shares in 2016Q1.

Walthausen & Ltd owns 264,090 shares or 0.6% of their US portfolio. Jpmorgan Chase & last reported 2,426 shares in the company. The New York-based Soros Fund Management Limited Liability Co has invested 0.69% in Essentra PLC (LON:ESNT). Grantham Mayo Van Otterloo And Company Lc last reported 387,961 shares in the company. Teacher Retirement System Of Texas last reported 9,152 shares in the company. Deutsche Bankshares Ag holds 0% of its portfolio in Essentra PLC (LON:ESNT) for 45,837 shares. Zacks Investment Management last reported 66,467 shares in the company. Moreover, Qs Invsts has 0.05% invested in Essentra PLC (LON:ESNT) for 255,406 shares. Alliancebernstein Limited Partnership last reported 3.96M shares in the company. Airain accumulated 0.02% or 16,726 shares. Tradewinds Lc holds 0.02% of its portfolio in Essentra PLC (LON:ESNT) for 16,197 shares. Bridgeway Management holds 9,800 shares or 0% of its portfolio. The Illinois-based First Tru Ltd Partnership has invested 0% in Essentra PLC (LON:ESNT). Brandywine Investment Limited Co, a Pennsylvania-based fund reported 167,818 shares. Cornercap Inv Counsel holds 0.1% or 24,565 shares in its portfolio.

Insider Transactions: Since July 6, 2016, the stock had 1 insider buy, and 8 selling transactions for $66.78 million net activity. The insider MCALEE LAWRENCE E JR sold $85,500. Turnbull Andrew also bought $775,409 worth of Essentra PLC (LON:ESNT) on Wednesday, July 6. The insider Gibbons Mary Lourdes sold $208,725. $66.13M worth of Essentra PLC (LON:ESNT) was sold by PBRA (CAYMAN) Co. $627,600 worth of Essentra PLC (LON:ESNT) was sold by Cashmer Jeff on Tuesday, August 16.

Essentra plc is a United Kingdom-based maker and distributor of plastic injection molded, vinyl dip molded and metal items. The company has a market cap of 1.02 billion GBP. The Company’s divisions include Component Solutions, Health & Personal Care Packaging and Filtration Products. It has a 15.42 P/E ratio. The Component Solutions segment includes the components, pipe protection technologies , extrusion and security businesses each of which serves clients in light and heavy industry.

According to Zacks Investment Research, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda.”

ESNT Company Profile

Essent Group Ltd. (Essent), incorporated on July 1, 2008, is a private mortgage insurance company. The Firm is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance activities are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the firm domiciled in the state of Pennsylvania. Essent Guaranty maintains activities centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia.

Another recent and important Essentra PLC (LON:ESNT) news was published by Marketwatch.com which published an article titled: “Essentra dives 19% after cutting guidance” on November 20, 2013.

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