Genworth Financial Rating Reiterated by JPMorgan Chase & Co. (GNW)
Genworth Financial (NYSE:GNW)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Tuesday. They currently have a $18.00 target price on the stock, up from their previous target price of $16.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 3.45% from the stock’s previous close.
Shares of Genworth Financial (NYSE:GNW) traded up 2.27% during mid-day trading on Tuesday, hitting $17.795. The stock had a trading volume of 2,875,497 shares. Genworth Financial has a one year low of $11.55 and a one year high of $18.74. The stock has a 50-day moving average of $17.57 and a 200-day moving average of $16.65. The company has a market cap of $8.831 billion and a price-to-earnings ratio of 13.53.
Genworth Financial (NYSE:GNW) last released its earnings data on Tuesday, April 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. Genworth Financial’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Genworth Financial will post $1.46 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Genworth Financial in a research note on Thursday, June 26th. They now have a $18.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.36.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.