MGIC Investment Corp. (MTG) shares have surpassed the average analyst 12-month target price of $19.19, trading at $19.33. This development prompts analysts to reassess their valuations, with the aim of adjusting target prices based on recent performance and market conditions.
Analysts’ target predictions vary, ranging from a low of $18.00 to a high of $21.00, with a standard deviation of $1.066. Currently, there are three strong buy ratings, one buy rating, and three hold ratings for MTG, maintaining an average rating of 2.0 out of 5, where 1 is a strong buy.
As of now, no sell or strong sell ratings have been issued for MGIC, indicating a generally positive outlook among analysts. This data has been sourced from Zacks Investment Research via Quandl.com.
