Genworth MI Canada (TSE:MIC) PT Lowered to C$30.00

Genworth MI Canada (TSE:MIC) had its price target decreased by investment analysts at National Bank Financial from C$59.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 0.70% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada cut Genworth MI Canada from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$60.00 to C$62.00 in a research report on Monday, January 20th. TD Securities raised their target price on Genworth MI Canada from C$58.00 to C$62.00 in a research report on Wednesday, February 5th. BMO Capital Markets cut Genworth MI Canada from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$62.00 to C$61.00 in a research report on Friday, February 7th. Finally, Scotiabank raised their target price on Genworth MI Canada from C$55.00 to C$56.00 in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$50.67.

TSE MIC opened at C$29.79 on Tuesday. The stock has a 50-day simple moving average of C$48.98 and a two-hundred day simple moving average of C$53.63. The firm has a market capitalization of $2.09 billion and a P/E ratio of 6.06. Genworth MI Canada has a fifty-two week low of C$24.02 and a fifty-two week high of C$61.39. The company has a debt-to-equity ratio of 11.79, a quick ratio of 0.18 and a current ratio of 0.26.

Genworth MI Canada (TSE:MIC) last released its quarterly earnings data on Wednesday, February 5th. The company reported C$1.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.36 by C($0.06). The business had revenue of C$171.00 million during the quarter, compared to analyst estimates of C$172.00 million. As a group, analysts forecast that Genworth MI Canada will post 5.2100002 earnings per share for the current year.

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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Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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