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American Coastal Insurance Corporation (ACIC)
NASDAQ: ACIC · IEX Real-Time Price · USD
10.85
-0.20 (-1.81%)
At close: Jul 19, 2024, 4:00 PM
10.93
+0.08 (0.74%)
Pre-market: Jul 20, 2024, 9:29 AM EDT

ACIC Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for ACIC stock has a target of 15, which predicts an increase of 38.25% from the current stock price of 10.85.

Analyst Consensus: Buy
Target Low Average Median High
Price $15 $15 $15 $15
Change +38.25% +38.25% +38.25% +38.25%
* Price targets were last updated on Jan 17, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for ACIC is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating May '24Jun '24Jul '24
Strong Buy 000
Buy 111
Hold 000
Sell 000
Strong Sell 000
Total 111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
C. Gregory Peters
Raymond James
 Raymond James
Buy
Initiates
$15
 Buy Initiates $15 +38.25% Jan 17, 2024
Josh Sullivan
Benchmark
 Benchmark
Strong Buy
Initiates
n/a
 Strong Buy Initiates n/a n/a Sep 1, 2021
More Analyst Ratings

Financial Forecast

Revenue This Year
325.22M
from 286.54M
Increased by 13.50%
Revenue Next Year
404.64M
from 325.22M
Increased by 24.42%
EPS This Year
1.53
from 6.98
Decreased by -78.08%
EPS Next Year
1.79
from 1.53
Increased by 16.67%
Year 2019202020212022202320242025
Revenue
825.12M846.66M228.69M269.79M286.54M325.22M404.64M
Revenue Growth
13.98%2.61%-72.99%17.97%6.21%13.50%24.42%
EPS
-0.70-2.25-1.35-10.916.981.531.79
EPS Growth
------78.08%16.67%
Forward PE
-----7.096.08
No. Analysts -----33
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 334.8M 416.5M
Avg 325.2M 404.6M
Low 312.5M 388.8M

Revenue Growth

Revenue Growth 20242025
High
16.8%
28.1%
Avg
13.5%
24.4%
Low
9.0%
19.5%

EPS Forecast

EPS 20242025
High 1.58 1.84
Avg 1.53 1.79
Low 1.47 1.71

EPS Growth

EPS Growth 20242025
High
-77.4%
20.1%
Avg
-78.1%
16.7%
Low
-78.9%
12.1%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.