MGIC Investment Corp (MTG) Stock Forecast & Predictions

MGIC Investment Corp MTG: $14.175

250 E Kilbourn Ave, Milwaukee, Wisconsin, US. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.mgic.com/

  • Market Cap$4.85B
  • Change (52 Weeks)131.89%
  • Low (52 Weeks)$5.18
  • MGIC Investment Corp (MTG) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, MGIC Investment Corp (MTG) stock price is $14.175 and the 52 weeks low is $5.18, which means the MGIC Investment Corp stock price is up 131.89% in the last 12 months.

    MGIC Investment Corp (MTG) Stock Price has been Trending Strongly with an ADX reading of 29.20 as per the Weekly Chart.

    A Upward trend indicates that MGIC Investment Corp (MTG) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that MTG Stock price might rise further, 18.75% indicating that MTG Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MTG stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    MGIC Investment Corp (MTG) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for MGIC Investment Corp (MTG) is based on 15 Institutional Analyst Ratings where 46.67% are on Strong Buy, 33.33% on Moderate Buy, 20.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 15 Institutional Analysts, majority recommended MTG stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of MGIC Investment Corp.

    MGIC Investment Corp (MTG) Stock Price Prediction By Analysts


    HighLowAverage
    $18.90$14.14$16.17
    $16.1714.05% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for MTG set by the institutional analysts is $16.17 where High Estimate is $18.90, Median $16.32 and Low $14.14.

    The average price target for MTG by Institutional Analysts is $16.17, which is 14.05% Upside from the current price. So according to the Institutional Analysts, MTG Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    MGIC Investment Corp (MTG) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Keefe, Bruyette & WoodsOutperformUpgraded
    Keefe, Bruyette & WoodsMarket PerformDowngraded
    Compass PointBuyMaintained
    BarclaysOverweightMaintained
    Deutsche BankBuyMaintained
    B. Riley FBRBuyMaintained
    B. Riley FBRBuyMaintained
    B. Riley FBRBuyMaintained
    B. RileyBuyMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaUnderperformMaintained
    B. Riley FBRBuyMaintained
    Wells FargoMarket PerformDowngraded
    BarclaysOverweightMaintained
    RBC CapitalSector PerformDowngraded
    Deutsche BankBuyMaintained
    Bank of AmericaNeutralDowngraded
    B. Riley FBRBuyMaintained
    MacquarieOutperformInitiated
    RBC CapitalOutperformInitiated
    Deutsche BankHoldDowngraded
    Bank of AmericaBuyMaintained
    BarclaysOverweightMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyUpgraded
    Credit SuisseNeutralMaintained
    Bank of AmericaBuyInitiated
    Keefe Bruyette & WoodsOutperformMaintained
    Compass PointBuyUpgraded
    Credit SuisseNeutralMaintained
    Compass PointNeutralDowngraded
    Deutsche BankHoldInitiated
    FBR CapitalMarket PerformMaintained
    Credit SuisseNeutralMaintained
    BarclaysOverweightMaintained
    Keefe Bruyette & WoodsOutperformUpgraded
    JMP SecuritiesMarket OutperformMaintained
    Keefe Bruyette & WoodsMarket PerformMaintained
    Keefe Bruyette & WoodsMarket PerformMaintained
    JMP SecuritiesMarket OutperformMaintained
    Credit SuisseNeutralUpgraded
    BTIG ResearchBuyInitiated
    MKM PartnersInitiated
    Keefe Bruyette & WoodsMarket PerformDowngraded
    FBR CapitalMarket PerformMaintained
    JMP SecuritiesMarket OutperformUpgraded
    BarclaysOverweightMaintained
    Compass PointBuyMaintained
    Compass PointBuyUpgraded
    Goldman SachsConviction BuyInitiated
    Keefe Bruyette & WoodsOutperformUpgraded
    JMP SecuritiesMarket PerformInitiated
    SusquehannaPositiveUpgraded
    Compass PointNeutralDowngraded
    MacquarieNeutralUpgraded
    BarclaysOverweightUpgraded
    SusquehannaNeutralInitiated
    Compass PointBuyMaintained
    MacquarieUnderperformDowngraded
    FBR CapitalMarket PerformDowngraded
    BarclaysUnderweightMaintained

    MGIC Investment Corp (MTG) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.421
    The average consensus EPS for MTG is $0.421 with a high estimate of $0.493 and Low of $0.382 for the period 2021-06-30 and based on 12 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.43$0.314362500000000042020-09-30


    The latest average Earning Per Share Estimate for MGIC Investment Corp is $0.42, which is lower than MTG's last EPS, $0.43. This means that Analysts are expecting MGIC Investment Corp to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of MGIC Investment Corp.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.43$0.314362500000000042020-09-30
    $0.04$0.14215752020-06-30
    $0.42$0.41376672020-03-31
    $0.49$0.4388452019-12-31
    $0.48$0.427482500000000042019-09-30
    $0.46$0.426644200000000032019-06-30
    $0.42$0.39809152019-03-31
    $0.42$0.38970852018-12-31
    $0.49$0.36616542018-09-30
    $0.49$0.363367699999999962018-06-30
    $0.38$0.35616642018-03-31
    $0.43$0.28171932017-12-31
    $0.32$0.26104462017-09-30
    $0.3$0.25174252017-06-30
    $0.31$0.24568252017-03-31
    $0.28$0.21855392016-12-31
    $0.14$0.17415432016-09-30
    $0.26$0.19774792016-06-30
    $0.18$0.21979622016-03-31
    $0.26$0.25972152015-12-31
    $0.29$0.212099999999999982015-09-30
    $0.28$0.233138300000000022015-06-30
    $0.26$0.2136152015-03-31
    $0.19$0.1480662014-12-31
    $0.18$0.1033232014-09-30
    $0.12$0.138673000000000022014-06-30
    $0.15$0.103524999999999992014-03-31
    $-0.01$-0.0275732013-12-31
    $0.04$-0.127371100000000012013-09-30
    $0.03$-0.155671299999999982013-06-30
    $-0.32$-0.14254132013-03-31
    $-1.01$-1.78726572012-12-31
    $-1.22$-0.6034752012-09-30
    $-1.36$-0.56112570000000012012-06-30
    $-0.1$-0.466620000000000032012-03-31
    $-0.67$-0.82819999999999992011-12-31
    $-0.82$-0.87028670000000012011-09-30
    $-0.75$0.01012011-06-30
    $-0.17$-0.055552011-03-31
    $-0.79$-0.59013292010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).