Radian Group (RDN) has been initiated today with coverage from the research analysts at Compass Point. Compass Point begins this new coverage of RDN with an initial price target set at $6 dollars, and rates performance of RDN as “buy.”
Radian Group is slated to release their next earnings report on August 3rd, 2011 and is estimated to post negative EPS of $-1.00 dollar. Their last earnings report was released on May 5th, 2011 and announced positive EPS of $0.77. RDN is currently trading below its 50 & 200-day moving averages and 2011 is a down year for the company.
Radiant Group Inc. is a credit enhancement company with a primary operating focus on providing first-lien, residential mortgage insurance in the United States The company has market capitalization of $637,000,000 and 133,114,000 shares outstanding. RDN has a 52-week high of $10.50 with the low being $4.24.
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