Somewhat Positive News Coverage Somewhat Unlikely to Affect Radian Group (RDN) Stock Price

News stories about Radian Group (NYSE:RDN) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Radian Group earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 43.6973347408678 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Radian Group (NYSE RDN) opened at $22.13 on Friday. Radian Group has a 12-month low of $15.58 and a 12-month high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $4,770.00, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.57.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The business had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. equities research analysts forecast that Radian Group will post 1.75 EPS for the current fiscal year.

A number of brokerages recently issued reports on RDN. BTIG Research reiterated a “buy” rating and issued a $26.00 price objective (up previously from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Thursday, January 4th. Deutsche Bank raised their price target on Radian Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley downgraded Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Thursday, January 4th. Finally, Compass Point restated a “neutral” rating and set a $21.25 price target on shares of Radian Group in a research report on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.89.

WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Radian Group (RDN) Stock Price” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.themarketsdaily.com/2018/01/13/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-radian-group-rdn-stock-price.html.

Radian Group Company Profile

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

Insider Buying and Selling by Quarter for Radian Group (NYSE:RDN)

Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply