TD Cowen Sticks to Its Buy Rating for Accelerant Holdings Class A (ARX)

TD Cowen analyst Andrew Kligerman maintained a Buy rating on Accelerant Holdings Class A today and set a price target of $36.00. The company’s shares closed yesterday at $20.08.

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According to TipRanks, Kligerman is a 5-star analyst with an average return of 11.5% and a 62.77% success rate. Kligerman covers the Financial sector, focusing on stocks such as Globe Life, Arch Capital Group, and Kinsale Capital Group.

Currently, the analyst consensus on Accelerant Holdings Class A is a Moderate Buy with an average price target of $29.06, a 44.72% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $22.50 price target.

The company has a one-year high of $31.18 and a one-year low of $18.26. Currently, Accelerant Holdings Class A has an average volume of 2.15M.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARX in relation to earlier this year.