Genworth MI Canada Given Average Recommendation of “Hold” by Brokerages (TSE:MIC)
Genworth MI Canada (TSE:MIC) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$40.21.
Shares of Genworth MI Canada (TSE:MIC) opened at 39.51 on Thursday. Genworth MI Canada has a one year low of $24.17 and a one year high of $40.64. The stock’s 50-day moving average is $38.81 and its 200-day moving average is $36.57. The company has a market cap of $3.751 billion and a P/E ratio of 9.97.
Genworth MI Canada (TSE:MIC) last released its earnings data on Thursday, May 1st. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.06. Analysts expect that Genworth MI Canada will post $3.76 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Genworth MI Canada to an “underweight” rating in a research note on Monday, May 19th. Separately, analysts at BMO Capital Markets raised their price target on shares of Genworth MI Canada from C$37.00 to C$41.00 in a research note on Thursday, May 1st. They now have a “market perform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Genworth MI Canada from C$42.00 to C$44.00 in a research note on Thursday, May 1st.
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