Keefe Bruyette raised the price target for the Radian Group Inc. (NYSE:RDN) stock from “a Mkt perform” to “an Outperform”. The rating was released on October 07, 2020. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $20. The stock was reiterated by Compass Point, who disclosed in a research note on May 02, 2019, to Buy and set the price objective to $30. In their research brief published May 01, 2019, BofA/Merrill analysts reiterated the Radian Group Inc. stock to Buy with a price target of $27.
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Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.69 during the last quarter as opposed to a consensus estimate of $0.64, which indicates the company beat its estimate by $0.05, which implies that the company surprised the market by 7.80%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.67. This is an average of 11 analysts’ earnings, where the high earnings per share estimate is $0.73 and the low earnings per share estimate is $0.59. According to 5 analyst estimates, an average revenue estimate of $276.47M is projected for the current quarter with a high revenue estimate of $290.3M and a low estimate of $262.8M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Radian Group Inc. (NYSE:RDN) raised 0.32% to close Monday’s market session at $24.72, higher as compared to yesterday’s close. The stock price fluctuated between $24.70 and $25.03 throughout the trading session with the volume trading being 1725243 shares, which represented a significant variation when compared to the three months average volume of 1.37 million shares. The firm’s stock price fluctuated 0.00% within the last five trades and 6.28% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 42.31% in the last 6 months and 25.87% was added to its value over the previous 3 months. RDN stock is trading at a margin of 2.79%, 8.28% and 29.73% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, RDN deals in the Financial domain. The stock is trading -2.33 percent below its 52-week high and 99.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 74.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Radian Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 38.30 percent and the profit margin is 27.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $4.81 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Radian Group Inc. (NYSE:RDN) is 12.38. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.19. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.34 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.12, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Mumford Lisa, the Director at Radian Group Inc. (RDN) has bought 2,600 shares of firm on May 29 at a price of $15.45 against the total amount of $40170.0.