Radian Group Inc (NYSE:RDN) shares traded 2.7% up during most recent session to reach at the closing price of $20.89. The stock exchanged hands 1.77 Million shares versus average trading capacity of 1.28 Million shares, yielding a market cap of $4.45 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $24.35 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Radian Group Inc (NYSE:RDN) high price target of $30 and with a conservative view have low price target of $21.
Bank of America “Maintained” Radian Group Inc (NYSE:RDN) in a research note issued to investors on 8/13/18 to Buy with price target of $23.
Additionally on 8/07/18 B. Riley FBR “Maintained” Radian Group Inc (NYSE:RDN) to Neutral setting price target at $24 and on 4/11/18 Barclays “Maintained” the stock to Overweight at $28. Furthermore on 4/10/18 Deutsche Bank “Maintained” the stock to Buy at $25.5.
On the other hand the company has Relative Strength Index (RSI 14) of 61.15 along with Average True Range (ATR 14) of 0.47, Consequently Radian Group Inc (NYSE:RDN)’s weekly and monthly volatility is 2.62%, 1.91% respectively. The company’s beta value is at 1.6.
In terms of Buy, Sell or Hold recommendations, Radian Group Inc (NYSE:RDN) has analysts’ mean recommendation of 0. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Radian Group Inc (NYSE:RDN)’s minimum EPS for the current quarter is at $0.64 and can go high up to $0.72. The consensus mean EPS for the current quarter is at $0.68 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.59 earnings per share for the same quarter during last year.
Previously Radian Group Inc (NYSE:RDN) reported $0.7 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The company posted an earnings surprise of 6.1%.
Radian Group Inc (NYSE:RDN)’s revenue estimates for the current quarter are $260.69 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $264.5 Million in contradiction of low revenue estimates of $254.31 Million. For the current year the company’s revenue estimates are $1.07 Billion compared to low analyst estimates of $1.03 Billion and high estimates of $1.1 Billion according to 7 number of analysts.
Currently Radian Group Inc (NYSE:RDN)’s shares owned by insiders are 0.51%, whereas shares owned by institutional owners are 98.3%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 1.55%.
Radian Group Inc (NYSE:RDN)’s trailing twelve month revenues are $1.27 Billion, whereas its price to sales ratio for the same period is 3.49. Its book value per share for the most recent quarter is $16.34 while its price to book ratio for the same period is 1.28, as for as the company’s cash per share for the most recent quarter is $0.45, however its price to cash per share ratio for the same period is 46.6. The stock has 5 year expected PEG ratio of 1.34 whereas its trailing twelve month P/E ratio is 7.52.