Barclays analyst Terry Ma maintains $Essent (ESNT.US)$ with a buy rating, and adjusts the target price from $64 to $72.
According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Essent (ESNT.US)$'s main analysts recently are as follows:
With the 30-year mortgage rate declining significantly since Q2, there has been a substantial increase in refinance applications, rising 90% compared to the previous year. This trend supports a more optimistic outlook for businesses with balanced models in the mortgage finance sector.
Consumer finance stocks have surpassed expectations, with an average total return of 18% year-to-date due to multiple expansion rather than upward revisions to earnings forecasts. In this environment, it is suggested that investors should consider strategically realizing gains. Although the future prospects seem evenly uncertain, current market valuations may be overestimating the likelihood of moderate and optimistic scenarios while underestimating the potential for less favorable outcomes.
Note:
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