Radian Group Receives Consensus Rating of “Buy” from Brokerages (NYSE:RDN)
Shares of Radian Group (NYSE:RDN) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, AnalystRatings.NET reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.68.
A number of research firms have recently commented on RDN. Analysts at Zacks upgraded shares of Radian Group from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. They now have a $16.40 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Radian Group from $14.00 to $15.00 in a research note on Monday, May 19th. They now have a “neutral” rating on the stock. Finally, analysts at TheStreet upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.
Radian Group (NYSE:RDN) opened at 15.17 on Tuesday. Radian Group has a one year low of $10.86 and a one year high of $16.24. The stock’s 50-day moving average is $14.52 and its 200-day moving average is $14.78. The company has a market cap of $2.627 billion and a P/E ratio of 14.14.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.73. The company had revenue of $213.71 million for the quarter, compared to the consensus estimate of $220.62 million. During the same quarter last year, the company posted ($1.30) earnings per share. Analysts expect that Radian Group will post $1.76 EPS for the current fiscal year.
Radian Group Inc (NYSE:RDN) is a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien loans (first-lien).
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