Old Republic International Corp. (ORI) stock forecast: Can it reach its 52-week high of $32.26

Old Republic International Corp. [ORI] stock prices are down -0.16% to $31.80 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 ORI shares have gain 1.15% over the last week, with a monthly amount glided 4.92%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Old Republic International Corp. [NYSE: ORI] stock has seen the most recent analyst activity on February 12, 2024, when Piper Sandler upgraded its rating to a Overweight but kept the price target unchanged to $32 for it. Previously, Piper Sandler started tracking the stock with Neutral rating on May 17, 2023, and set its price target to $27. On April 29, 2022, downgrade downgraded it’s rating to Outperform and revised its price target to $28 on the stock. JMP Securities downgraded its rating to a Mkt Perform. JMP Securities upgraded its rating to a Mkt Outperform. Raymond James upgraded its rating to Strong Buy for this stock on October 30, 2017. In a note dated January 28, 2011, Wunderlich reiterated an Buy rating on this stock and revised its target price from $19 to $16.

The stock price of Old Republic International Corp. [ORI] has been fluctuating between $24.17 and $32.26 over the past year. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Old Republic International Corp. [NYSE: ORI] shares were valued at $31.80 at the most recent close of the market. An investor can expect a potential return of 0.63% based on the average ORI price forecast.

Analyzing the ORI fundamentals

The Old Republic International Corp. [NYSE:ORI] reported sales of 7.51B for trailing twelve months, representing a surge of 14.63%. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.

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 31.65 points at the first support level, and at 31.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.94, and for the 2nd resistance point, it is at 32.07.

Ratios To Look Out For

It’s worth pointing out that Old Republic International Corp. [NYSE:ORI]’s Current Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 12.40.

Transactions by insiders

Recent insider trading involved DARE THOMAS, SrVP Secretary General Counsel, that happened on May 06 ’24 when 1292.0 shares were sold. Director, ADACHI BARBARA completed a deal on May 01 ’24 to buy 442.0 shares. Meanwhile, SVP – Title Insurance MONROE CAROLYN sold 3377.0 shares on May 01 ’24.

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