Accelerant Holdings Class A (ARX) Receives a Buy from RBC Capital

In a report released yesterday, Rowland Mayor from RBC Capital maintained a Buy rating on Accelerant Holdings Class A, with a price target of $18.00.

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Mayor covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, American International Group, and Kinsale Capital Group. According to TipRanks, Mayor has an average return of -0.7% and a 55.56% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Accelerant Holdings Class A with a $19.62 average price target.

Based on Accelerant Holdings Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $267.4 million and a GAAP net loss of $1.44 billion. In comparison, last year the company earned a revenue of $128.8 million and had a net profit of $7.1 million

Based on the recent corporate insider activity of 16 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. Last month, Christopher Lee-Smith, the Co-Founder, Head of Distrib of ARX bought 14,700.00 shares for a total of $197,127.00.