Genworth Financial Inc (NYSE:GNW) a Hold: J.P. Morgan

In a research note issued to investors, Jimmy Bhullar at J.P. Morgan Reiterated their Hold rating on Genworth Financial Inc (NYSE:GNW). The analyst placed a $9.00 price target on the stock which indicates a 5.88% upside to the last closing price. In the year following Bhullar’s ratings, the stocks covered yield an average return of 2.3% according to TipRanks.com. In the past year 8 out of 22 recommendations or 36% were successful.

Genworth Financial Inc (NYSE:GNW) shares opened the most recent trading session at 8.51 and at the time of writing the last Bid was at 8.64. In the current trading session the stock reached as high as 8.68 and dipped down to 8.48. Genworth Financial, a NYSE listed company, has a current market cap of 4.291B and on average over the past 3 months has seen 8309190 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 7.7012. Based on a recent trade, this puts the equity at +12.19% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -53.90% away from it’s 52-week high of 18.74 and +28.00% away from the stock’s low point over the past 52 weeks, which was 6.75. On a consensus basis, analysts have a one year target price of 11.28. The company last reported earnings per share of -2.51.

The consensus analyst estimates according to First Call for the next quarter is 0.30. The current year EPS estimate on the stock is 1.21 and the EPS estimate for next year sits at 1.37. In looking at the fundamentals, GNW has a price to book ratio of 0.28. The company’s Book Value is 30.044 and most recently reported EBITDA of 104.0M. The price compared to next year’s EPS estimate in the current year is 6.20.

Company Profile

Genworth Financial Inc (NYSE:GNW), is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff. The Mortgage Insurance Division includes the business segments, such as International Mortgage Insurance and U.S. Mortgage Insurance. The Corporate and Runoff Division includes the Runoff segment and Corporate and Other activities. In September 2013, Genworth Financial, Inc closed the sale of its Wealth Management business, including Genworth Financial Wealth Management and alternative solutions provider, the Altegris companies, to a partnership of Aquiline Capital Partners and Genstar Capital.