Genworth Financial Inc (NYSE:GNW):
Genworth Industry Survey: Lack of down payment and affordable housing inventory viewed as biggest impediments for first-time homebuyers.
The company is down by 1.46% percent from yesterday’s close.
Genworth Financial, Inc., launched on December 5, 2012, provides mortgage insurance products that allow people to purchase homes. The Company offers individual and group long-term care insurance products to meet consumer needs for long-term care. Its segments include U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, Runoff, and Corporate and Other..
Genworth Financial Inc currently has a P/E ratio of 4.78 and market capitalization is 1.69B. As of the last earnings report the EPS was $0.71 with 499.16M shares outstanding.
Traders are more bearish on Genworth Financial Inc of late if you pay attention to the change in short interest. The firm recorded a rise in short interest of 15.67% as of the latest report on October 31, 2017. Short shares grew 1,633,609 over that period. With short interest at 12,061,113 and short average daily volume at 2,943,346, the short-interest ratio is 4.0 and the short interest percentage is 0.02% as of October 31.
A few brokerages have issued ratings on the stock recently. On November 3 Wells Fargo & Company made no change to the stock rating of “Hold” targeting a price of $3.75. October 3 investment analysts at Keefe, Bruyette & Woods maintained a company rating of “Hold” with a current price target of $4.00.
On October 2, 2017 Wells Fargo & Company reiterated a “Hold” rating on the stock. September 16 investment analysts at BTIG Research kept a “Neutral” rating on the company.
On September 11, 2017 Off Wall Street updated coverage of GNW with a rating of “Buy”. August 1 investment analysts at Wells Fargo & Company reiterated a “Hold” rating on the company.