Genworth Financial Price Target Raised to $13.00 at UBS AG (GNW)
UBS AG lifted their price target on shares of Genworth Financial (NYSE:GNW) from $11.50 to $13.00 in a research note issued on Wednesday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price would suggest a potential upside of 6.12% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Genworth Financial (NYSE:GNW) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $13.00 price target on the stock. Separately, analysts at Scotiabank raised their price target on shares of Genworth Financial (NYSE:GNW) from $13.00 to $15.00 in a research note to investors on Thursday, July 25th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial (NYSE:GNW) from $11.00 to $13.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock.
One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.63.
Shares of Genworth Financial (NYSE:GNW) traded up 3.92% on Wednesday, hitting $12.73. 9,853,895 shares of the company’s stock traded hands. Genworth Financial has a 52 week low of $5.07 and a 52 week high of $13.79. The stock’s 50-day moving average is $12.28 and its 200-day moving average is $11.31. The company has a market cap of $6.285 billion and a price-to-earnings ratio of 13.72.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the company posted $0.16 earnings per share. Genworth Financial’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Genworth Financial will post $1.12 EPS for the current fiscal year.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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