Analysts fell to the sidelines weighing in on LegacyTexas Financial (LTXB) and WR Berkley (WRB) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
LegacyTexas Financial (LTXB)
Stephens analyst Matt Olney maintained a Hold rating on LegacyTexas Financial today and set a price target of $41. The company’s shares closed yesterday at $41.70.
According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.4% and a 44.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
Currently, the analyst consensus on LegacyTexas Financial is a Hold with an average price target of $42.10.
See today’s analyst top recommended stocks >>
WR Berkley (WRB)
Boenning & Scattergood analyst Robert Farnam maintained a Hold rating on WR Berkley today. The company’s shares closed yesterday at $66.57, close to its 52-week high of $68.73.
Farnam observed:
“We believe WRB is well positioned to take advantage of improvement in market conditions and we consider the stock an excellent core holding for long-term investors. In the near-term, however, we don’t see much potential for the shares to outperform the market. Berkley’s P/B valuation (2.0x) is high relative to peers (1.5x) and its historical average (1.4x) – in our view, the stock isn’t particularly compelling today for short-term investors. While we see more downside risk than upside, we’re maintaining our Neutral rating. Given the improving market conditions, we don’t see many negative catalysts in the near-term that would drive the stock’s valuation down.”
According to TipRanks.com, Farnam is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.0% and a 34.6% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Hallmark Financial Services, and Selective Insurance Group.
Currently, the analyst consensus on WR Berkley is a Moderate Sell with an average price target of $55.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
