Wednesday, January 25, 2017 11:42:16 PM
BNK Invest
January 2017
After a stock reaches analyst 12 months out price target, some analysts will be paid to raise target, that way big investors can exit the stock at the blown out price without it dropping. The new investors will then become bagholders.
Tommiegun53... 1-25-17
In recent trading, shares of Radian Group, Inc. (Symbol: RDN) have crossed above the average analyst 12-month target price of $18.08, changing hands for $18.16/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 6 different analyst targets contributing to that average for Radian Group, Inc., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $16.00. And then on the other side of the spectrum one analyst has a target as high as $21.00. The standard deviation is $2.2.
But the whole reason to look at the average RDN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with RDN crossing above that average target price of $18.08/share, investors in RDN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $18.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Radian Group, Inc.:55:59 AM EDT
In recent trading, shares of Radian Group, Inc. (Symbol: RDN) have crossed above the average analyst 12-month target price of $18.08, changing hands for $18.16/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 6 different analyst targets contributing to that average for Radian Group, Inc., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $16.00. And then on the other side of the spectrum one analyst has a target as high as $21.00. The standard deviation is $2.2.
But the whole reason to look at the average RDN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
And so with RDN crossing above that average target price of $18.08/share, investors in RDN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $18.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
Below is a table showing the current thinking of the analysts that cover Radian Group, Inc.:
Recent RDN News
- Radian Announces First Quarter 2024 Financial Results • Business Wire • 05/01/2024 08:43:00 PM
- Local Logic Partners with homegenius to Elevate Real Estate Decisions • PR Newswire (US) • 04/22/2024 01:00:00 PM
- Radian to Webcast First Quarter Conference Call • Business Wire • 04/08/2024 10:30:00 AM
- Radian’s Delegated Mortgage Insurance Now Available Through PMI Rate Pro • Business Wire • 04/04/2024 10:30:00 AM
- Radian Announces Redemption Price for 6.625% Senior Notes due 2025 • Business Wire • 03/15/2024 08:15:00 PM
- SOLD.com Integrates Innovative Title Insurance and Closing Platform titlegenius by Radian • Business Wire • 03/05/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 09:38:03 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 03/01/2024 08:42:35 PM
- Radian Prices Senior Notes Offering • Business Wire • 02/29/2024 12:38:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/27/2024 01:53:26 PM
- Radian Announces Increase to Quarterly Dividend • Business Wire • 02/14/2024 09:30:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/14/2024 12:31:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 12:30:19 PM
- Radian Announces Fourth Quarter and Full Year 2023 Financial Results • Business Wire • 02/07/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/02/2024 09:30:44 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/24/2024 07:27:16 PM
- Radian Announces Strategic Investment in FinLocker to Focus on Delivering a Personalized Data-Driven Journey to Empower Homeownership • Business Wire • 01/11/2024 11:30:00 AM
- Radian Announces S&P Upgrade of Radian’s Financial Strength and Credit Ratings and Webcast of Fourth Quarter Conference Call • Business Wire • 01/10/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/22/2023 12:33:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 10:01:40 PM
- Radian Improves Score in Human Rights Campaign Foundation’s 2023 Corporate Equality Index • Business Wire • 11/30/2023 09:30:00 PM
- Radian’s Fundraising Campaign for MBA Opens Doors Foundation Surpasses Donation Goal • Business Wire • 11/28/2023 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:15:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/17/2023 09:15:30 PM
- Radian Declares Regular Quarterly Dividend • Business Wire • 11/15/2023 09:30:00 PM
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Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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