Zacks Investment Research downgraded Genworth Financial Inc (NYSE:GNW) to Strong Sell in a report released today.
- Updated: November 27, 2016
Yesterday Genworth Financial Inc (NYSE:GNW) traded -1.13% lower at $4.44. The company’s 50-day moving average is $4.53 and its 200-day moving average is $3.93. The last stock close price is up 11.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 2,671,868 shares of the stock were exchanged, down from an average trading volume of 10,869,800
Zacks Investment Research has downgraded Genworth Financial Inc (NYSE:GNW) to Strong Sell in a report released on 11/22/2016.
Previously on 2/09/2016, UBS Securities reported about Genworth Financial Inc (NYSE:GNW) lowered the target price from $2.00 to $1.00. At the time, this indicated a possible downside of -0.47%.
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Genworth Financial Inc has a 52 week low of $1.57 and a 52 week high of $5.27 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $3.66 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 7 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Genworth Financial Inc (NYSE:GNW)
Genworth Financial, Inc. provides mortgage insurance products. The Company operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance and Runoff. Its U.S. Mortgage Insurance offers mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans in the United States. Its Canada Mortgage Insurance segment offers flow mortgage insurance and also provides bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk in Canada. Its Australia Mortgage Insurance segment offers flow mortgage insurance and provides bulk mortgage insurance in Australia. Its U.S. Life Insurance offers long-term care insurance products in the United States. Its Runoff segment includes the results of non-strategic products, which are no longer sold.
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