Third Point (TPRE) Hold Rating Reiterated by Analysts at KBW; The Price Target is Set to $19.0; Acuity Brands (AYI) Sentiment Is 0.85

December 7, 2017 - By Kurt Siggers

Among 5 analysts covering Third Point Reinsurance (NYSE:TPRE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Third Point Reinsurance has $17 highest and $15 lowest target. $15.83’s average target is 1.80% above currents $15.55 stock price. Third Point Reinsurance had 12 analyst reports since August 7, 2015 according to SRatingsIntel. Compass Point maintained Third Point Reinsurance Ltd. (NYSE:TPRE) rating on Wednesday, September 2. Compass Point has “Buy” rating and $16.0 target. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 10. Keefe Bruyette & Woods downgraded the shares of TPRE in report on Monday, October 16 to “Hold” rating. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) has “Equal-Weight” rating given on Friday, November 10 by Morgan Stanley. The company was upgraded on Monday, May 8 by Keefe Bruyette & Woods. As per Thursday, August 3, the company rating was maintained by Keefe Bruyette & Woods. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) earned “Buy” rating by Keefe Bruyette & Woods on Friday, September 8. The firm earned “Market Perform” rating on Thursday, October 1 by Wood.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $6.85 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 22.08 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

The stock decreased 1.27% or $0.2 during the last trading session, reaching $15.55. About 510,011 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 10.16% since December 7, 2016 and is uptrending. It has underperformed by 6.54% the S&P500.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on February, 22. They expect $0.47 earnings per share, up 204.44% or $0.92 from last year’s $-0.45 per share. TPRE’s profit will be $50.48 million for 8.27 P/E if the $0.47 EPS becomes a reality. After $0.52 actual earnings per share reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -9.62% negative EPS growth.

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, the Middle East, Africa, and Asia. The company has market cap of $1.67 billion. The firm underwrites property, workers compensation, personal automobile, general and professional liability, mortgage, and extended warranty insurance products, as well as multi-line reinsurance products. It has a 8.76 P/E ratio.

Investors sentiment increased to 2.46 in 2017 Q2. Its up 1.28, from 1.18 in 2017Q1. It improved, as 9 investors sold Third Point Reinsurance Ltd. shares while 19 reduced holdings. 26 funds opened positions while 43 raised stakes. 73.38 million shares or 2.00% more from 71.94 million shares in 2017Q1 were reported. Millennium Ltd Liability reported 75,622 shares. Panagora Asset Mgmt reported 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Schwab Charles Mgmt Inc holds 0% or 291,608 shares in its portfolio. New York State Common Retirement Fund holds 0% in Third Point Reinsurance Ltd. (NYSE:TPRE) or 132,706 shares. Allen Investment Management Ltd owns 0.08% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 127,353 shares. Northern Tru has invested 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Sg Americas Secs Ltd accumulated 8,809 shares. Bridgeway Cap Mgmt accumulated 0.03% or 170,500 shares. Massachusetts Fin Svcs Ma invested in 693,479 shares or 0% of the stock. Price T Rowe Assoc Md has 0.01% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 2.76 million shares. Pdts Prtnrs Ltd Liability owns 222,690 shares. Systematic Financial Limited Partnership owns 0.24% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 922,085 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,887 shares or 0% of all its holdings. Bnp Paribas Arbitrage has 8,093 shares. Wells Fargo Mn holds 0% or 81,815 shares in its portfolio.

Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on January, 8. They expect $1.99 earnings per share, up 5.85% or $0.11 from last year’s $1.88 per share. AYI’s profit will be $83.09 million for 20.61 P/E if the $1.99 EPS becomes a reality. After $2.42 actual earnings per share reported by Acuity Brands, Inc. for the previous quarter, Wall Street now forecasts -17.77% negative EPS growth.

The stock decreased 3.67% or $6.25 during the last trading session, reaching $164.05. About 462,471 shares traded. Acuity Brands, Inc. (AYI) has declined 31.18% since December 7, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

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