Market Overview

UPDATE: Keefe, Bruyette & Woods Reiterates on Radian Group on Adjusted Long-Term Estimates

Share:
Related RDN
BTIG Research Initiates Radian Group At Buy
Benzinga's Top Initiations
Is it Time to Add Assured Guaranty (AGO) to Your Portfolio? - Analyst Blog (Zacks)

In a report published Tuesday, Keefe, Bruyette & Woods analyst Bose George reiterated an Outperform rating on Radian Group (NYSE: RDN), and raised the price target from $17.00 to $18.50.

In the report, Keefe, Bruyette & Woods noted, “We are increasing our price targets for RDN and MTG to incorporate a higher P/E multiple on our normalized EPS estimates. We are also lowering the discount rate we use to present value our normalized EPS estimates to 10% from 11%. We take our target for RDN to $18.50 from $17 and our target for MTG to $10 from $9. We upgrade MTG to Outperform from Market Perform on valuation as our new price target equates to roughly 23% of upside in the shares. We are also adjusting our longer-term (2016-2018) estimates for RDN to incorporate dilution from its outstanding converts and lower loss ratios.”

Radian Group closed on Monday at $14.74.

Latest Ratings for RDN

DateFirmActionFromTo
Apr 2015JMP SecuritiesMaintainsMarket Outperform
Mar 2015BTIG ResearchInitiates Coverage onBuy
Mar 2015MKM PartnersInitiates Coverage onBuy

View More Analyst Ratings for RDN
View the Latest Analyst Ratings

Posted-In: Bose George Bruyette & Woods KeefeAnalyst Color Price Target Analyst Ratings

 

Related Articles (RDN)

Around the Web, We're Loving...