Stewart Information Services Corp. (NYSE:STC) was downgraded by equities research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $35.00 target price on the stock. FBR Capital Markets’ target price would indicate a potential upside of 10.65% from the company’s current price. The analysts noted that the move was a valuation call.
STC has been the subject of a number of other recent research reports. Analysts at Stephens upgraded shares of Stewart Information Services Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, July 12th. They now have a $34.00 price target on the stock, up previously from $27.00. Separately, analysts at Zacks downgraded shares of Stewart Information Services Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, July 10th. They now have a $26.20 price target on the stock. Finally, analysts at Zacks upgraded shares of Stewart Information Services Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, June 5th. They now have a $29.30 price target on the stock.
Stewart Information Services Corp. (NYSE: STC) traded up 0.41% on Friday, hitting $31.63. Stewart Information Services Corp. has a 52-week low of $16.36 and a 52-week high of $34.39. The stock’s 50-day moving average is currently $27.98. The company has a market cap of $787.1 million and a price-to-earnings ratio of 6.00.
Stewart Information Services Corp. (NYSE:STC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.40. The company had revenue of $517.20 million for the quarter, compared to the consensus estimate of $460.70 million. During the same quarter last year, the company posted $1.05 earnings per share. Stewart Information Services Corp.’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Stewart Information Services Corp. will post $2.66 EPS for the current fiscal year.
Stewart Information Services Corporation (NYSE: STC) is a customer-focused, global title insurance and real estate services company offering products and services through its direct operations, network of approved agencies and other companies within the Stewart family.
