Genworth Financial Inc (GNW) Receives $4.03 Average Target Price from Analysts

Lloyd Doyle
September 13, 2017

Following trading activity for Genworth Financial, Inc.(NYSE:GNW), we can see that the stock has moved onto today's list of most actives.

Several research analysts have weighed in on the stock. The company is intensifying focus on streamlining and rationalizing business to mainly improve performance, enhance financial and strategic flexibility. "Also, shares of Genworth underperformed the industry year to date".

Other hedge funds also recently bought and sold shares of the company. Lastly, BidaskClub boosted Genworth Financial from a sell recommendation to a hold recommendation in a study report on early Tue, Jun 13th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The corporation has a average recommendation of Hold and an average price target of $4.27. Genworth Financial Inc (GNW) has risen 3.41% since September 12, 2016 and is uptrending. Shares saw a steep increase in trading volume of 13.28% over the normal average daily volume. The 50 day SMA of the stock is price of $3.44 and a two hundred day SMA of $3.73. Stocks with a beta above 1 are more volatile than the market as a whole.

Taking a broader look at the analyst consensus, according to 2 analysts Genworth Financial Inc (NYSE:GNW)'s price will reach at $3.88 during 52 weeks.

On the other hand Genworth Financial Inc (NYSE:GNW) has Relative Strength Index (RSI 14) of 64.47 along with Average True Range (ATR 14) of 0.12.

In the latest earnings report the EPS was $-0.29 and is projected to be $1.03 for the current year with 499,143,000 shares now outstanding. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.39 EPS.

Verisk Analytics, Inc. (NASDAQ:VRSK)'s earnings per share has been growing at a 11.7 percent rate over the past 5 year when average revenue increase was noted as 10.9 percent. Genworth Financial had 20 analyst reports since August 5, 2015 according to SRatingsIntel.

Genworth Financial Inc (NYSE:GNW) has average revenue estimates of $2.12 Billion, compared to low analyst estimates of $2.11 Billion and high estimates of $2.13 Billion for the current quarter. If you are reading this article on another publication, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright law.

More recent Genworth Financial Inc (NYSE:GNW) news were published by: which released: "Jim Cramer Shares His Thoughts On Genworth Financial, AeroVironment And ..." on August 31, 2017. Investors measure stock performance on the basis of a company's earnings power. Trading volume for Genworth Financial Inc was 9,174K in the last trading session. Gotham Asset Management LLC now owns 86,934 shares of the financial services provider's stock worth $358,000 after acquiring an additional 23,470 shares during the period. Finally, Amalgamated Bank boosted its stake in Genworth Financial by 3.6% in the second quarter. Davidson & Garrard Inc. now owns 30,871 shares of the company's stock worth $153,000 after buying an additional 2,000 shares in the last quarter. CNH Partners LLC grew its holdings in shares of Genworth Financial by 67.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,909,751 shares of the financial services provider's stock worth $16,108,000 after acquiring an additional 309,296 shares during the period. Prudential Financial Inc. now owns 5,409,753 shares of the financial services provider's stock valued at $22,289,000 after purchasing an additional 1,406,640 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in Genworth Financial by 37.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 48,181 shares of the financial services provider's stock worth $199,000 after acquiring an additional 10,972 shares during the period. The Company provides insurance, wealth management, investment and financial solutions. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

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