Raymond James Sticks to Its Buy Rating for Accelerant Holdings Class A (ARX)

In a report released on September 19, Gregory Peters from Raymond James reiterated a Buy rating on Accelerant Holdings Class A, with a price target of $21.00. The company’s shares closed last Friday at $16.32.

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Peters covers the Financial sector, focusing on stocks such as Progressive, Accelerant Holdings Class A, and Allstate. According to TipRanks, Peters has an average return of 10.7% and a 68.42% success rate on recommended stocks.

Currently, the analyst consensus on Accelerant Holdings Class A is a Moderate Buy with an average price target of $27.31, a 67.34% upside from current levels. In a report released on September 10, 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 $16.15. Currently, Accelerant Holdings Class A has an average volume of 1.96M.

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.