Stock Traders Buy High Volume of Call Options on Genworth Financial (GNW)
Shares of Genworth Financial (NYSE:GNW) saw some unusual options trading on Friday. Traders bought 8,907 call options on the company, Stock Ratings Network reports. This represents an increase of approximately 232% compared to the typical volume of 2,681 call options.
A number of analysts have recently weighed in on GNW shares. Analysts at UBS AG raised their price target on shares of Genworth Financial from $11.50 to $13.00 in a research note to investors on Wednesday, September 25th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of Genworth Financial 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. Finally, analysts at Scotiabank raised their price target on shares of Genworth Financial from $13.00 to $15.00 in a research note to investors on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.63.
Shares of Genworth Financial (NYSE:GNW) opened at 12.89 on Monday. Genworth Financial has a 52-week low of $5.10 and a 52-week high of $13.79. The stock’s 50-day moving average is $12.31 and its 200-day moving average is $11.43. The company has a market cap of $6.364 billion and a P/E ratio of 14.43.
Genworth Financial (NYSE:GNW) last announced its earnings results 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 in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.