B.Riley FBR analyst Randy Binner maintained a Buy rating on Mgic Investment Corp. on Thursday, setting a price target of $13, which is approximately 44.93% above the present share price of $8.97.
Binner expects Mgic Investment Corp. to post earnings per share (EPS) of $0.04 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in MGIC Investment (NYSE:MTG), with an average price target of $11.35.
The analysts price targets range from a high of $13.8 to a low of $9.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $293.97 million and a net profit of $0. The company's market cap is $3.04 billion.
According to TipRanks.com, B.Riley FBR analyst Randy Binner is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.7% and a 61.48% success rate.
MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.