BTIG analyst Mark Palmer reiterated a Buy rating on NMI Holdings (NASDAQ:NMIH) on Thursday, setting a price target of $23, which is approximately 40.16% above the present share price of $16.41.
Palmer expects NMI Holdings to post earnings per share (EPS) of $0.85 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in NMI Holdings, with an average price target of $21.5.
The analysts price targets range from a high of $25 to a low of $18.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $113.61 million and a net profit of $0. The company's market cap is $1.39 billion.
According to TipRanks.com, BTIG analyst Mark Palmer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.5% and a 65.66% success rate.
NMI Holdings, Inc. is engaged in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.