Stewart Information Services Corp. PT Raised to $38.00 at FBR Capital Markets (STC)
Stock analysts at FBR Capital Markets boosted their price objective on shares of Stewart Information Services Corp. (NYSE:STC) from $35.00 to $38.00 in a report issued on Friday, AnalystRatings.NET reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective suggests a potential upside of 26.96% from the company’s current price.
Stewart Information Services Corp. (NYSE:STC) traded down 2.70% during mid-day trading on Friday, hitting $29.93. The stock had a trading volume of 528,827 shares. Stewart Information Services Corp. has a 52 week low of $24.79 and a 52 week high of $37.55. The stock’s 50-day moving average is $34.17 and its 200-day moving average is $32.68. The company has a market cap of $673.5 million and a P/E ratio of 11.81.
Stewart Information Services Corp. (NYSE:STC) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.54) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.48. The company had revenue of $391.40 million for the quarter, compared to the consensus estimate of $401.89 million. During the same quarter last year, the company posted $0.15 earnings per share. Stewart Information Services Corp.’s revenue was down 7.6% compared to the same quarter last year. Analysts expect that Stewart Information Services Corp. will post $2.11 EPS for the current fiscal year.
A number of other firms have also recently commented on STC. Analysts at Zacks upgraded shares of Stewart Information Services Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $33.90 price target on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.30.
Stewart Information Services Corporation (NYSE:STC) is a customer-focused, global title insurance and real estate services company offering products and services through its direct operations, network of approved agencies and other companies within the Stewart family.
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