Radian Group Inc. Sets New 1-Year High at $15.32 (RDN)
Radian Group (NYSE:RDN)’s share price reached a new 52-week high during trading on Friday, AmericanBankingNews.com reports. The stock traded as high as $15.32 and last traded at $15.12, with a volume of 3,848,073 shares traded. The stock had previously closed at $15.08.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Radian Group in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $17.00 price target on the stock. Analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Radian Group in a research note to investors on Tuesday, November 5th. They now have a $18.50 price target on the stock, up previously from $17.00. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Radian Group has a consensus rating of “Buy” and a consensus target price of $15.88.
Radian Group has a one year low of $5.97 and a one year high of $15.15. The stock’s 50-day moving average is $14.22 and its 200-day moving average is $13.62. The company’s market cap is $2.627 billion.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.04. The company had revenue of $250.84 million for the quarter, compared to the consensus estimate of $211.00 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. Analysts expect that Radian Group will post $-1.52 EPS for the current fiscal year.
Radian Group Inc (NYSE:RDN) is a credit enhancement company with a focus on domestic, first-lien residential mortgage insurance (first-lien).
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