Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Raymond (NSE:RYMD) James lowered the price target on Atlas Crest Investment Corp (NASDAQ:ACIC) to $14.00 from $15.00 while maintaining an Outperform rating. The stock, currently trading at $10.24, shows strong fundamentals with a "GREAT" Financial Health Score according to InvestingPro data.
The price target reduction is based on the stock trading at approximately 10 times Raymond James’ 2026 operating EPS estimate. With a current P/E ratio of 6.24 and impressive revenue growth of 33.9% in the last twelve months, detailed analysis available in the comprehensive Pro Research Report suggests the stock may be undervalued relative to its growth potential.
Raymond James noted that Atlas Crest Investment stock is currently trading at approximately 7 times their 2026 operating EPS estimate, compared to the total peer average of about 10 times.
The firm believes a premium to Florida property peers (approximately 8 times) and a discount to specialty insurers (approximately 12 times) is justified for Atlas Crest Investment.
This valuation perspective is supported by Raymond James’ outlook for above-peer average operating ROBEs, leading underwriting results, and the company’s concentration in Florida property.
In other recent news, American Coastal Insurance Corporation reported strong financial results for the second quarter of 2025. The company experienced significant year-over-year growth in both net income and revenues. This performance highlights American Coastal Insurance’s continued expansion in the Florida property insurance market. Despite facing a challenging environment, the company managed to maintain a stable position, reflecting investor confidence. These developments are part of the company’s strategic direction to solidify its market presence. The recent earnings call emphasized the firm’s robust financial health and growth trajectory. Investors might find these results encouraging as they consider the company’s future potential.
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