Why Radian (RDN) Stock Might be a Great Pick? - Tale of the Tape
17 Janvier 2014 - 2:54PM
Zacks
One
stock that might be an intriguing choice for investors right now is
Radian Group Inc. (RDN). This is because this
security in the Property and Casualty Insurance industry space is
seeing solid earnings estimate revision activity, and is in great
company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all
boats in an industry, as there can be broad trends taking place in
a segment that are boosting securities across the board. This is
arguably taking place in the Property and Casualty Insurance
industry space as it currently has a Zacks Industry Rank of 26 out
of more than 250 industries, suggesting it is well-positioned from
this perspective, especially when compared to other segments out
there.
Meanwhile, Radian is actually looking pretty good on its own too.
The firm has seen solid earnings estimate revision activity over
the past month, suggesting analysts are becoming a bit more bullish
on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen
from a loss of 0.07 cents per share to 0.04 cents per share, while
current year estimates have risen from a loss of $1.60 per share to
$1.57 per share. This has helped RDN to earn a Zacks Rank #2 (Buy),
further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry,
consider Radian. Not only is its industry currently in the top
third, but it is seeing solid estimate revisions as of late,
suggesting it could be a very interesting choice for investors
seeking a name in this great industry segment.
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