MGIC Investment Corporation Com (NYSE:MTG):
MGIC Investment Corporation Reports Third Quarter 2016 Results.
The company is now down by -0.48 percent from yesterday’s close.
Company chares are trading at $8.28 slightly over $8.12, the 50 day moving average and which is a tad above the 200 day moving average of $7.27. The 50 day moving average was up $0.15 whereas the 200 day moving average was up $1.01 or +13.94%.
The most current P/E ratio is 10.00 and the market cap is 2.86B. As of the latest earnings report the EPS was $0.83 and is expected to be $0.85 for the current year with 345,473,000 shares now outstanding. Next quarter’s EPS is expected be $0.24 with next year’s EPS projected to be $0.98.
A few analysts have issued ratings on the stock recently. On October 17, 2016 Bank of America initiated coverage setting a rating of “Buy”. On October 4 Keefe Bruyette & Woods held the company rating at “Outperform” and lowered the price target from $11.50 to $9.50.
On July 20 the stock rating was upgraded to “Buy” from “Neutral” in a statement from Compass Point. May 2 investment analysts at Credit Suisse left the company rating at “Neutral” but moved down the price target to $8.00 from $10.00.
On April 20 the company was set at “Neutral” in a report from Compass Point which is down from the previous “” rating. Deutsche Bank released its first research report on the stock by announcing an initial rating of “Hold” and establishing a price target of $8.00.