American Coastal Insurance Corporation (ACIC)
NASDAQ: ACIC · IEX Real-Time Price · USD
10.75
-0.19 (-1.74%)
Apr 26, 2024, 4:00 PM EDT - Market closed
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 39.53% from the current stock price of 10.75.
Analyst Consensus: Buy
* 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 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|
| Strong Buy | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 |
| Total | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Initiates $15 | Buy | Initiates | $15 | +39.53% | Jan 17, 2024 |
| Benchmark | Benchmark | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | Sep 1, 2021 |
Financial Forecast
Revenue This Year
323.59M
from 286.54M
Increased by 12.93%
Revenue Next Year
414.51M
from 323.59M
Increased by 28.10%
EPS This Year
1.28
from 6.98
Decreased by -81.73%
EPS Next Year
1.53
from 1.28
Increased by 20.00%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 333.1M | 426.7M |
| Avg | 323.6M | 414.5M |
| Low | 310.9M | 398.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 16.3% | 31.9% |
| Avg | 12.9% | 28.1% |
| Low | 8.5% | 23.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.31 | 1.58 |
| Avg | 1.28 | 1.53 |
| Low | 1.23 | 1.47 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -81.2% | 23.5% |
| Avg | -81.7% | 20.0% |
| Low | -82.4% | 15.3% |
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.