In a report issued on August 2, Randy Binner from B.Riley FBR maintained a Hold rating on Radian Group (RDN), with a price target of $27. The company’s shares closed yesterday at $21.80.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.3% and a 63.9% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Colony Credit Real Estate Inc, and Health Insurance Innovations.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Radian Group with a $27.25 average price target, which is a 25.0% upside from current levels. In a report issued on August 2, RBC Capital also maintained a Hold rating on the stock with a $26 price target.
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Based on Radian Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $167 million. In comparison, last year the company had a net profit of $209 million.
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Radian Group, Inc. is a insurance holding company, which engages in the provision of private mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage Insurance and Services business segment.
