MGIC Investment Corporation Com (NYSE:MTG):
MGIC Investment Corporation Announces Retirement of Board Member Donald Nicolaisen.
The company is down since yesterday’s close of $8.32.
It is trading at $8.28 a bit higher than $8.12, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $7.27. The 50 day moving average went up $0.15 or +1.91% and the 200 day average was up $1.01.
The company currently has a P/E ratio of 10.00 and the market value is 2.86B. In the latest earnings report the EPS was $0.83 and is projected to be $0.85 for the current year with 345,473,000 shares outstanding. Next quarter’s EPS is estimated at $0.24 and the next full year EPS is projected to be $0.98.
A few Wall Street analysts have issued ratings on the stock recently. Bank of America began coverage of the stock with a rating of “Buy”. On October 4 Keefe Bruyette & Woods kept the company rating at “Outperform” and lowered the price target to $9.50 from $11.50.
On July 20 the company was upgraded from “Neutral” to “Buy” by analysts at Compass Point. May 2 investment analysts at Credit Suisse maintained a company rating of “Neutral” but lowered the price target from $10.00 to $8.00.
On April 20 the company was changed to a “Neutral” by Compass Point down from the previous “” rating. On April 4, 2016 Deutsche Bank added the stock to its research portfolio setting a rating of “Hold” and projecting a price target of $8.00.