Genworth MI Canada Receives Average Rating of “Buy” from Analysts (TSE:MIC)
Genworth MI Canada (TSE:MIC) has received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$43.75.
MIC has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Genworth MI Canada from C$40.50 to C$42.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Genworth MI Canada from C$42.00 to C$44.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Genworth MI Canada from C$43.00 to C$45.00 in a research note on Wednesday. They now have an “outperform” rating on the stock.
Genworth MI Canada (TSE:MIC) opened at 38.57 on Wednesday. Genworth MI Canada has a 1-year low of $27.33 and a 1-year high of $40.64. The stock has a 50-day moving average of $37.76 and a 200-day moving average of $37.18. The company has a market cap of $3.665 billion and a P/E ratio of 9.91.
Genworth MI Canada (TSE:MIC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.11. On average, analysts predict that Genworth MI Canada will post $3.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, August 13th.
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