GuerillaStockTrading
Long

Heritage Insurance Rising EPS Forecast and Forward P/E of 6.6

NYSE:HRTG   HERITAGE INS HLDGS INC
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: https://www.guerillastocktrading.com/stocks/heritage-insurance-holdings-stock-forward-pe-of-6-6/
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