Roth MKM Sticks to Its Buy Rating for MGIC Investment (MTG)
In a report released today, Harry Fong from Roth MKM maintained a Buy rating on MGIC Investment, with a price target of $30.00.
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According to TipRanks, Fong is a 5-star analyst with an average return of 9.2% and a 62.02% success rate. Fong covers the Financial sector, focusing on stocks such as Chubb, Progressive, and Travelers Companies.
The word on The Street in general, suggests a Hold analyst consensus rating for MGIC Investment with a $28.60 average price target.
Based on MGIC Investment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $297.08 million and a net profit of $165.3 million. In comparison, last year the company earned a revenue of $306.23 million and had a net profit of $185.46 million
Read More on MTG:
Disclaimer & DisclosureReport an Issue
- MGIC Investment initiated with a Sector Perform at RBC Capital
- MGIC Investment price target lowered to $28 from $29 at Barclays
- MGIC Investment Corp Earnings Call Highlights Capital Strength
- MGIC Investment reports Q1 adjusted EPS 76c, consensus 74c
- MTG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
