November 25, 2016 - By Vivian Park
In an analyst note revealed to investors on today, Jefferies International reconfirmed their “Buy” rating on Essentra (LON:ESNT)‘s stock. The target price gives a potential upside of 16.86% from firm’s last price.
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 47.22% above today’s (GBX 384) stock price. Essentra has been the topic of 38 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Monday, February 1 the stock rating was maintained by Deutsche Bank with “Buy”. Jefferies maintained Essentra PLC (LON:ESNT) on Tuesday, January 26 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Friday, November 25. Numis Securities maintained it with “Buy” rating and GBX 785 target price in Friday, June 10 report. Deutsche Bank maintained the shares of ESNT in a report on Thursday, April 14 with “Buy” rating. Deutsche Bank maintained Essentra PLC (LON:ESNT) rating on Wednesday, September 16. Deutsche Bank has “Buy” rating and GBX 975 price target. The rating was maintained by Deutsche Bank on Monday, August 1 with “Hold”. JP Morgan downgraded Essentra PLC (LON:ESNT) rating on Wednesday, July 27. JP Morgan has “Neutral” rating and GBX 700 price target. Citigroup maintained Essentra PLC (LON:ESNT) on Tuesday, June 21 with “Buy” rating. The company was maintained on Tuesday, May 3 by JP Morgan.
About 219,247 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 $58.30M 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 is positive, 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.
Moreover, American Century has 0.06% invested in Essentra PLC (LON:ESNT) for 2.59 million shares. Skyline Asset Limited Partnership holds 1.37% or 856,350 shares in its portfolio. Blackrock Advsr Lc holds 0.01% of its portfolio in Essentra PLC (LON:ESNT) for 578,413 shares. Balyasny Asset Mngmt Llc last reported 0.02% of its portfolio in the stock. Analytic Invsts Ltd Liability holds 0.02% of its portfolio in Essentra PLC (LON:ESNT) for 80,122 shares. Clinton Gp accumulated 0.05% or 52,292 shares. Federated Inc Pa last reported 0% of its portfolio in the stock. Blackrock Fund Advsrs reported 1.78M shares or 0.01% of all its holdings. The Massachusetts-based Boston Prns has invested 0.05% in Essentra PLC (LON:ESNT). Ameriprise Financial has 0% invested in the company for 137,332 shares. Swiss Bancorp last reported 111,500 shares in the company. Rs Mngmt Lc has invested 0.47% of its portfolio in Essentra PLC (LON:ESNT). Harvest Cap Strategies Llc has 41,486 shares for 0.13% of their US portfolio. The New York-based Teachers Advisors has invested 0.03% in Essentra PLC (LON:ESNT). Quinn Opportunity Prns Limited Liability Company holds 0.43% or 51,090 shares in its portfolio.
Insider Transactions: Since July 6, 2016, the stock had 1 buying transaction, and 8 selling transactions for $66.78 million net activity. 2.30 million shares were sold by PBRA (CAYMAN) Co, worth $66.13 million on Thursday, November 10. 24,000 Essentra PLC (LON:ESNT) shares with value of $627,600 were sold by Cashmer Jeff. The insider MCALEE LAWRENCE E JR sold $220,615. Turnbull Andrew had bought 36,353 shares worth $775,409 on Wednesday, July 6. 7,500 Essentra PLC (LON:ESNT) shares with value of $208,725 were sold by Gibbons Mary Lourdes.
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 1.01 billion GBP. The Company’s divisions include Component Solutions, Health & Personal Care Packaging and Filtration Products. It has a 15.25 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.”
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.
More news for Essentra PLC (LON:ESNT) were recently published by: Marketwatch.com, which released: “Essentra dives 19% after cutting guidance” on November 20, 2013. Fool.Co.Uk‘s article titled: “Are Bellway plc, Essentra plc and Soco International plc a buy after today’s …” and published on June 09, 2016 is yet another important article.
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By Vivian Park