Heritage Insurance Rising EPS Forecast and Forward P/E of 6.6
Heritage Insurance Holdings (HRTG) stock trades at a P/S of 2.69, a P/B of 2.47, and an excellent P/E of 12.94. It has an incredible forward P/E of 6.68!
The catalyst: Federal Reserve rate hikes later this year will benefit insurance companies like Heritage.
The chart shows a consolidation pattern but it's dangerously close to breaking below the 50 day moving average. There was heavy selling by two insiders last week that might contributed to the weak performance over the last couple of days.
Source: www.guerillastocktra...k-forward-pe-of-6-6/
The catalyst: Federal Reserve rate hikes later this year will benefit insurance companies like Heritage.
The chart shows a consolidation pattern but it's dangerously close to breaking below the 50 day moving average. There was heavy selling by two insiders last week that might contributed to the weak performance over the last couple of days.
Source: www.guerillastocktra...k-forward-pe-of-6-6/