Radian Group (NYSE: RDN) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Monday. The firm currently has a $12.00 target price on the stock.
Shares of Radian Group opened at 9.17 on Monday. Radian Group has a 52 week low of $2.00 and a 52 week high of $9.22. The stock’s 50-day moving average is currently $7.01. The company’s market cap is $1.226 billion.
Radian Group last announced its earnings results on Monday, February 11th. The company reported ($1.34) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.50) by $0.84. The company had revenue of $217.74 million for the quarter, compared to the consensus estimate of $200.03 million. During the same quarter last year, the company posted ($0.92) earnings per share. Radian Group’s revenue was down 38.0% compared to the same quarter last year. On average, analysts predict that Radian Group will post $-0.18 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on RDN. Analysts at Susquehanna raised their price target on shares of Radian Group from $6.00 to $14.00 in a research note to investors on Wednesday, February 20th. Finally, analysts at FBR Capital raised their price target on shares of Radian Group from $6.00 to $8.00 in a research note to investors on Tuesday, February 12th. They now have a “market perform” rating on the stock.
Two investment analysts have rated the stock with a buy rating, six have given a hold rating, and one has given a sell rating to the company. The stock presently has a consensus rating of “hold” and an average price target of $7.25.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 6th. Stockholders of record on Monday, February 25th will be given a dividend of $0.00 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, February 21st.
Radian Group Inc. (Radian Group) is a credit enhancement company. The Company operates in three business segments: mortgage insurance, financial guaranty and financial services.
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