Old Republic International Corp. Receives New Coverage from Analysts at Macquarie (ORI)
Equities research analysts at Macquarie began coverage on shares of Old Republic International Corp. (NYSE:ORI) in a research note issued to investors on Tuesday, ARN reports. The firm set a “neutral” rating on the stock.
Shares of Old Republic International Corp. (NYSE:ORI) traded up 1.60% during mid-day trading on Tuesday, hitting $17.12. 1,461,183 shares of the company’s stock traded hands. Old Republic International Corp. has a 1-year low of $11.05 and a 1-year high of $17.45. The stock has a 50-day moving average of $16.84 and a 200-day moving average of $15.30. The company has a market cap of $4.405 billion and a price-to-earnings ratio of 13.91.
Old Republic International Corp. (NYSE:ORI) last released its earnings data on Thursday, October 24th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.17. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Old Republic International Corp. will post $1.12 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Old Republic International Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $18.60 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Old Republic International Corp. in a research note to investors on Tuesday, December 17th. They set a “market perform” rating on the stock. Finally, analysts at Wedbush downgraded shares of Old Republic International Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.15.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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.