American Coastal Insurance Corporation (ACIC)
NASDAQ: ACIC · IEX Real-Time Price · USD
10.69
+0.07 (0.66%)
Mar 28, 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 40.32% from the current stock price of 10.69.

Analyst Consensus: Buy
Target Low Average Median High
Price $15 $15 $15 $15
Change +40.32% +40.32% +40.32% +40.32%
* 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 Jan '24Feb '24Mar '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
Raymond James
Raymond James
Buy
Initiates
$15
Buy Initiates $15 +40.32% Jan 17, 2024
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
317.07M
from 286.54M
Increased by 10.65%
Revenue Next Year
397.33M
from 317.07M
Increased by 25.31%
EPS This Year
1.28
from 6.98
Decreased by -81.73%
EPS Next Year
1.73
from 1.28
Increased by 36.00%
Year 2019202020212022202320242025
Revenue
825.12M846.66M228.69M269.79M286.54M317.07M397.33M
Revenue Growth
13.98%2.61%-72.99%17.97%6.21%10.65%25.31%
EPS
-0.70-2.25-1.35-10.916.981.281.73
EPS Growth
------81.73%36.00%
No. Analysts -----33
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 326.4M 409.0M
Avg 317.1M 397.3M
Low 304.6M 381.8M

Revenue Growth

Revenue Growth 20242025
High
13.9%
29.0%
Avg
10.7%
25.3%
Low
6.3%
20.4%

EPS Forecast

EPS 20242025
High 1.31 1.79
Avg 1.28 1.73
Low 1.23 1.67

EPS Growth

EPS Growth 20242025
High
-81.2%
40.0%
Avg
-81.7%
36.0%
Low
-82.4%
30.7%
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.