Keefe, Bruyette & Woods Initiates Coverage on Genworth Financial (GNW)
Equities research analysts at Keefe, Bruyette & Woods began coverage on shares of Genworth Financial (NYSE:GNW) in a research note issued to investors on Tuesday. The firm set a “market perform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Genworth Financial from a “neutral” rating to an “underperform” rating in a research note on Friday, August 22nd. They now have a $13.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Genworth Financial from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.75.
Shares of Genworth Financial (NYSE:GNW) traded up 0.42% during mid-day trading on Tuesday, hitting $14.25. The stock had a trading volume of 885,266 shares. Genworth Financial has a one year low of $11.83 and a one year high of $18.74. The stock’s 50-day moving average is $14.56 and its 200-day moving average is $16.46. The company has a market cap of $7.077 billion and a price-to-earnings ratio of 10.48.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.28 earnings per share. Genworth Financial’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Genworth Financial will post $1.29 earnings per share for the current fiscal year.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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