Showing posts with label Genworth Financial. Show all posts
Showing posts with label Genworth Financial. Show all posts

Friday, August 12, 2011

Patriot (PCX) (MASI) (AVT) (NWSA) (GNW) Price Targets Changed

Patriot Coal Corporation (NYSE: PCX), Masimo Corporation (NASDAQ: MASI), Avnet, Inc. (NYSE: AVT), News Corp. (NASDAQ: NWSA) and Genworth Financial, Inc. (NYSE: GNW) price targets adjusted by analysts.

Patriot Coal Corporation (PCX) had its price target lowered by FBR Capital from $28.00 to $25.00. They have an “Outperform” rating on the company.

Masimo Corporation (MASI) had its price target lowered by Citigroup (NYSE:C) to $24.00. They have a “Sell” rating on the company.

Avnet, Inc. (AVT) had its price target lowered by Brean Murray from $44.00 to $30.00. They have a “Buy” rating on the company.

News Corp. (NWS-A) had its price target raised by Wunderlich from $18.00 to $20.00. They have a “Buy” rating on the company.

Genworth Financial, Inc. (GNW) had its price target lowered by Credit Suisse (NYSE:CS) to $8.00. They have a “Neutral” rating on the company.

Monday, July 25, 2011

Diamond (DO) (DISH) (CREE) (GNW) (MHS) (SNDK) Price Targets Changed

Diamond Offshore Drilling, Inc. (NYSE: DO), DISH (NASDAQ: DISH), Cree, Inc. (NASDAQ: CREE), Genworth Financial, Inc. (NYSE: GNW), Medco Health Solutions Inc. (NYSE: MHS) and SanDisk Co. (NASDAQ: SNDK) price targets adjusted by analysts.

Diamond Offshore Drilling, Inc. (DO) had its price target lowered by Global Hunter Securities from $71.00 to $68.00. They have a “Neutral” rating on the company.

DISH (DISH) had its price target raised by Collins Stewart from $30.00 to $37.00. They have a “Buy” rating on the company.

Cree, Inc. (CREE) had its price target lowered by JPMorgan Chase & Co. (NYSE: JPM) to $48.00. They have an “Overweight” rating on the company.

Genworth Financial, Inc. (GNW) had its price target lowered by Citigroup (NYSE: C) to $8.00. They have a “Sell” rating on the company.

Medco Health Solutions Inc. (MHS) had its price target raised by UBS AG (NYSE: UBS) to $73.00. They have a “Buy” rating on the company.

SanDisk Co. (SNDK) had its price target lowered by Wedbush from $52.00 to $45.00. They have a “Neutral” rating on the company.

Wednesday, February 2, 2011

Mortgage Losses Crush Genworth's (NYSE:GNW) Earnings

The shares of Genworth Financial (NYSE:GNW) were getting crushed today, as the company's mortgage segment got hammered in the latest quarter.

Net loss in the fourth quarter came in at $161 million, or $0.33 a share, down from the 16 cents a share analysts were looking for, and the $40 million in net income, or $0.08 a share they generated in the same quarter last year.

The mortgage unit of the company had net operating losses of $352 million, offsetting gains in other segments of the business. Genworth's mortgage unit has been said to be up for sale as they attempt to boost the company's performance.

CEO Michael Fraizer said, "We are intensely focused on restoring under-performing business lines to acceptable return levels for the capital allocated while sustaining good performance in our other business lines."

Genworth was trading at $12.35, down $1.59, or 11.41 percent, as of 12:24 PM EST.