Barclays Capital Reaffirms Underweight Rating on Radian Group (RDN)

By admin | 6 years ago

Radian Group (NYSE: RDN)‘s stock had its “underweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Friday.

Shares of Radian Group traded up 1.21% during mid-day trading on Friday, hitting $2.51. Radian Group has a 52 week low of $1.80 and a 52 week high of $6.11. The company has a market cap of $332.5 million and a P/E ratio of 11.02.

Radian Group last announced its earnings results on Tuesday, May 1st. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by $0.73. On average, analysts predict that Radian Group will post $-0.42 earnings per share next quarter.

A number of other analysts have also recently weighed in on RDN. Analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Radian Group from $5.00 to $3.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Compass Point cut their price target on shares of Radian Group from $5.00 to $3.00 in a research note to investors on Wednesday, May 2nd. They now have a “neutral” rating on the stock. Finally, analysts at Compass Point reiterated a “neutral” rating on shares of Radian Group in a research note to investors on Tuesday, April 10th.

Radian Group Inc. (Radian Group) is a credit enhancement company. The Company operates in three business segments: mortgage insurance, financial guaranty and financial services.

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