Bank of America (Merrill Lynch) downgraded Guidewire Software (NYSE:GWRE) from Neutral to Underperform in a report released today.
- Updated: September 16, 2016
Having a price of $60.12, Guidewire Software (NYSE:GWRE) traded 1.68% lower on the day. The last stock close is up 2.79% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the date range. GWRE has registered a 50-day average of $61.83 and 200-day average of $58.51. 50,507 shares of the stock were exchanged, down from ann average trading volume of 477,508
Bank of America (Merrill Lynch) has downgraded Guidewire Software(NYSE:GWRE) from Neutral to Underperform in a statement released 9/16/2016.
Also covering Guidewire Software’s price target, a total of 5 brokerages have reported on Guidewire Software. The consensus target is $70.00 with two firms rating the stock a strong buy, four firms rating the company a buy, one analyst rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firms rating the company as sell.
Guidewire Software has a one-year low of $42.32 and a one-year high of $64.78 with a price-earnings ratio of 301 and has a market capitalization of $0.0.
Brief Synopsis On Guidewire Software (NYSE:GWRE)
Guidewire Software, Inc. is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a variety of insurance carriers ranging from global insurers to national carriers to regional carriers. Its core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. InsuranceSuite Add-on Modules includes Guidewire Rating Management, Guidewire Reinsurance Management, Guidewire Client Data Management, Guidewire Standards-Based Templates and Guidewire London Market Messaging. Its data management and analytics includes Guidewire DataHub, Guidewire InfoCenter and Guidewire Live, and and digital engagement includes Guidewire Digital Portals.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.