Stock Worth Watching: After Today’s Significant Decline, Is Patriot National Inc’s Near-Term Analysis Negative?

Stock Worth Watching: After Today's Significant Decline, Is Patriot National Inc's Near Term Analysis Negative?

The stock of Patriot National Inc (NYSE:PN) is a huge mover today! The stock decreased 4.92% or $0.32 on November 30, hitting $6.19. About 250,122 shares traded hands. Patriot National Inc (NYSE:PN) has declined 26.61% since April 27, 2016 and is downtrending. It has underperformed by 31.83% the S&P500.
The move comes after 5 months negative chart setup for the $158.69 million company. It was reported on Nov, 30 by Barchart.com. We have $5.82 PT which if reached, will make NYSE:PN worth $9.52M less.

Analysts await Patriot National Inc (NYSE:PN) to report earnings on February, 22. They expect $0.12 EPS, 0.00% or $0.00 from last year’s $0.12 per share. PN’s profit will be $3.08 million for 12.90 P/E if the $0.12 EPS becomes a reality. After $0.06 actual EPS reported by Patriot National Inc for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Patriot National Inc (NYSE:PN) Ratings Coverage

Out of 4 analysts covering Patriot National (NYSE:PN), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Patriot National has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Compass Point given on Monday, May 16. The stock has “Neutral” rating given by Suntrust Robinson on Friday, February 26. As per Friday, December 4, the company rating was initiated by Compass Point. The firm has “Buy” rating by UBS given on Wednesday, August 12. UBS downgraded Patriot National Inc (NYSE:PN) on Wednesday, November 16 to “Neutral” rating. The stock has “Market Perform” rating given by William Blair on Friday, December 18. The rating was maintained by Compass Point on Friday, February 26 with “Buy”.

According to Zacks Investment Research, “Patriot National Inc is a provider of comprehensive outsourcing solutions within the workers’ compensation marketplace for insurance companies, employers, local governments and reinsurance captives. It provides general agency services, specialty underwriting and policyholder services and claims administration services to its insurance carrier clients and other clients. Patriot National Inc. is headquartered in Fort Lauderdale, Florida.”

More notable recent Patriot National Inc (NYSE:PN) news were published by: Sun-Sentinel.com which released: “Patriot National Inc. mulls $474 million takeover bid” on August 01, 2016, also Prnewswire.com with their article: “Patriot National Rejects $475 Million Offer from Ebix, Inc.” published on November 08, 2016, Prnewswire.com published: “Patriot National Announces New Appointments to Board of Directors” on November 17, 2016. More interesting news about Patriot National Inc (NYSE:PN) were released by: Prnewswire.com and their article: “Patriot National Announces Third Quarter 2016 Financial Results” published on November 14, 2016 as well as Prnewswire.com‘s news article titled: “Patriot National Acquires Mid Atlantic Insurance Services” with publication date: January 28, 2016.

PN Company Profile

Patriot National, Inc., incorporated on November 15, 2013, is an independent national well-known provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Firm principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. It also offers specialty services, including technology outsourcing and other information technology (IT) services, as well as employment pre-screening and background checks.

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