Old Republic International Corp. PT Raised to $17.00 at Raymond James (ORI)
Research analysts at Raymond James upped their price objective on shares of Old Republic International Corp. (NYSE:ORI) from $15.00 to $17.00 in a report released on Tuesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 15.57% from the stock’s previous close.
Old Republic International Corp. (NYSE:ORI) traded down 2.45% on Tuesday, hitting $14.71. The stock had a trading volume of 1,405,167 shares. Old Republic International Corp. has a one year low of $9.58 and a one year high of $15.59. The stock’s 50-day moving average is $14.68 and its 200-day moving average is $13.81. The company has a market cap of $3.780 billion and a P/E ratio of 18.66.
Old Republic International Corp. (NYSE:ORI) last announced its earnings results on Thursday, July 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.23. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Old Republic International Corp. will post $0.78 earnings per share for the current fiscal year.
Separately, analysts at Wunderlich raised their price target on shares of Old Republic International Corp. from $37.00 to $40.00 in a research note to investors on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $26.43.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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