Genworth MI Canada (TSE:MIC) had its target price trimmed by National Bank Financial from C$59.00 to C$30.00 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other equities analysts have also weighed in on MIC. Scotiabank upped their price objective on shares of Genworth MI Canada from C$55.00 to C$56.00 in a report on Friday, December 6th. TD Securities upped their price objective on shares of Genworth MI Canada from C$58.00 to C$62.00 in a report on Wednesday, February 5th. BMO Capital Markets lowered shares of Genworth MI Canada from an outperform rating to a market perform rating and lowered their target price for the stock from C$62.00 to C$61.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada lowered shares of Genworth MI Canada from an outperform rating to a sector perform rating and upped their target price for the stock from C$60.00 to C$62.00 in a report on Monday, January 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$50.67.
Shares of TSE MIC opened at C$32.40 on Tuesday. The firm’s 50-day moving average price is C$48.39 and its 200-day moving average price is C$53.53. Genworth MI Canada has a 1-year low of C$24.02 and a 1-year high of C$61.39. The firm has a market capitalization of $2.09 billion and a P/E ratio of 6.59. The company has a current ratio of 0.26, a quick ratio of 0.18 and a debt-to-equity ratio of 11.79.
Genworth MI Canada (TSE:MIC) last announced its quarterly earnings data on Wednesday, February 5th. The company reported C$1.30 earnings per share for the quarter, missing the consensus estimate of C$1.36 by C($0.06). The firm had revenue of C$171.00 million for the quarter, compared to analysts’ expectations of C$172.00 million. Equities research analysts forecast that Genworth MI Canada will post 5.2100002 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, March 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.67%. Genworth MI Canada’s dividend payout ratio is presently 42.11%.
Genworth MI Canada Company Profile
Genworth MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was founded in 1995 and is headquartered in Oakville, Canada.
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