Genworth Financial’s Focus List Rating Reaffirmed at Compass Point (GNW)
Genworth Financial (NYSE:GNW)‘s stock had its “focus list” rating restated by equities researchers at Compass Point in a research report issued on Thursday. They currently have a $16.50 price target on the stock, down from their previous price target of $23.00. Compass Point’s target price indicates a potential upside of 18.03% from the company’s current price.
Shares of Genworth Financial (NYSE:GNW) opened at 13.675 on Thursday. Genworth Financial has a 1-year low of $11.55 and a 1-year high of $18.74. The stock has a 50-day moving average of $16.95 and a 200-day moving average of $16.7. The company has a market cap of $6.791 billion and a P/E ratio of 10.33. Genworth Financial also was the recipient of some unusual options trading activity on Wednesday. Investors acquired 23,702 put options on the company. This represents an increase of approximately 1,096% compared to the average daily volume of 1,981 put options.
Genworth Financial (NYSE:GNW) last released its earnings data on Tuesday, July 29th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.35. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Genworth Financial will post $1.41 EPS for the current fiscal year.
A number of other firms have also recently commented on GNW. Analysts at Morgan Stanley cut their price target on shares of Genworth Financial from $16.00 to $3.00 in a research note on Thursday. Finally, analysts at Macquarie downgraded shares of Genworth Financial from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.00 price target on the stock, down previously from $20.00. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Genworth Financial presently has an average rating of “Buy” and an average target price of $15.50.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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