Should Radian Group (RDN) Be On Your Radar Now? - Tale of the Tape
20 Mai 2014 - 2:50PM
Zacks
It
can be very difficult to find companies that are both flying under
the radar, and still might have potential for gains. Many times,
stocks are off investors’ radar screens for a reason, though there
are some hidden gems that could be worth uncovering by those with a
high risk tolerance.
One way to find these underappreciated stocks is by looking at
companies that haven’t seen their share prices move higher lately,
but have observed analysts raising earnings estimates for their
stock. This trend could signal that investors haven’t quite
embraced the rising estimate story yet, but that the potential for
a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but
has been overlooked by investors lately, is Radian Group
Inc. (RDN). This Insurance stock has actually seen
estimates rise over the past month for the current fiscal year by
about 76.8%. But that is not yet reflected in its price, as the
stock gained only 1.7% over the same time frame.
You should not be concerned about the price remaining muted going
forward. This year’s expected earnings growth over the prior year
is 435.6%, which should ultimately translate into price
appreciation.
And if this isn’t enough, RDN currently carries a Zacks Rank #2
(Buy) which further underscores the potential for its
outperformance (See the performance of Zacks' portfolios and
strategies here: About Zacks Performance).
So if you are looking for a stock flying under-the-radar that is
well-equipped to bounce down the road, make sure to consider Radian
Group. Solid estimate revisions and an impressive Zacks Rank
suggest that better days may be ahead for RDN and that now might be
an interesting buying opportunity.
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30
Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days. Click
to get this free report
RADIAN GRP INC (RDN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024