MGIC Investment Corp [MTG] stock prices are down -0.62% to $19.38 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTG shares have lost -2.22% over the last week, with a monthly amount drifted -5.92%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MGIC Investment Corp [NYSE: MTG] stock has seen the most recent analyst activity on April 04, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform and also boosted its price target to $24 from $23.50. Previously, UBS started tracking the stock with Neutral rating on December 06, 2023, and set its price target to $18.50. On November 15, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $19 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $15.70 on July 06, 2023. Compass Point upgraded its rating to a Buy but $18 remained the price target by the analyst firm on April 11, 2023. Barclays downgraded its rating to Equal Weight for this stock on January 06, 2023, and downed its price target to $14. In a note dated November 09, 2022, Compass Point downgraded an Neutral rating on this stock and revised its target price from $19 to $14.50.
The stock price of MGIC Investment Corp [MTG] has been fluctuating between $13.97 and $22.43 over the past year. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. MGIC Investment Corp [NYSE: MTG] shares were valued at $19.38 at the most recent close of the market. An investor can expect a potential drop of -22.6% based on the average MTG price forecast.
Analyzing the MTG fundamentals
The MGIC Investment Corp [NYSE:MTG] reported sales of 1.16B for trailing twelve months, representing a drop of -2.84%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.78%, Pretax Profit Margin comes in at 0.78%, and Net Profit Margin reading is 0.62%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.15 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.24 points at the first support level, and at 19.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.63, and for the 2nd resistance point, it is at 19.88.
Ratios To Look Out For
It’s worth pointing out that MGIC Investment Corp [NYSE:MTG]’s Current Ratio is 2.58. Considering the valuation of this stock, the price to sales ratio is 4.52, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 7.79.
