Zacks Downgrades Old Republic International Corp. to Neutral (ORI)
Old Republic International Corp. (NYSE:ORI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They currently have a $18.60 price target on the stock. Zacks‘s price objective would suggest a potential upside of 13.07% from the stock’s previous close.
Old Republic International Corp. (NYSE:ORI) traded up 0.09% during mid-day trading on Monday, hitting $16.465. 500,906 shares of the company’s stock traded hands. Old Republic International Corp. has a 52 week low of $12.82 and a 52 week high of $17.45. The stock’s 50-day moving average is $16.89 and its 200-day moving average is $16.33. The company has a market cap of $4.251 billion and a P/E ratio of 8.06.
Old Republic International Corp. (NYSE:ORI) last announced its earnings results on Thursday, April 24th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.20 earnings per share. Old Republic International Corp.’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Old Republic International Corp. will post $1.12 earnings per share for the current fiscal year.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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