Genworth Financial Given Average Rating of “Hold” by Brokerages (NYSE:GNW)
Genworth Financial (NYSE:GNW) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.64.
Shares of Genworth Financial (NYSE:GNW) opened at 17.30 on Tuesday. Genworth Financial has a one year low of $10.36 and a one year high of $18.74. The stock has a 50-day moving average of $17.6 and a 200-day moving average of $16.48. The company has a market cap of $8.586 billion and a price-to-earnings ratio of 13.45.
Genworth Financial (NYSE:GNW) last released its earnings data on Tuesday, April 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that Genworth Financial will post $1.46 EPS for the current fiscal year.
A number of research firms have recently commented on GNW. Analysts at Morgan Stanley downgraded shares of Genworth Financial from an “equal weight” rating to an “underweight” rating in a research note on Monday, May 19th. They now have a $18.00 price target on the stock. Separately, analysts at Compass Point reiterated a “buy” rating on shares of Genworth Financial in a research note on Thursday, May 1st. They now have a $23.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Genworth Financial in a research note on Wednesday, April 30th.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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