Stewart Information Services Corp. (STC) Sees Unusually-High Trading Volume
Stewart Information Services Corp. (NYSE:STC) shares saw unusually-strong trading volume on Wednesday . Approximately 249,522 shares changed hands during trading, an increase of 11% from the previous session’s volume of 225,058 shares.The stock last traded at $45.57 and had previously closed at $46.89.
Several research analysts have recently weighed in on STC shares. Janney Montgomery Scott lowered shares of Stewart Information Services Corp. from a “neutral” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Stewart Information Services Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. TheStreet upgraded shares of Stewart Information Services Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. FBR & Co upped their price target on shares of Stewart Information Services Corp. from $37.00 to $46.00 and gave the company a “mkt perform” rating in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $17.00 price target (up previously from $16.00) on shares of Stewart Information Services Corp. in a research note on Friday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.05.
The firm’s market capitalization is $1.07 billion. The stock’s 50 day moving average price is $44.81 and its 200-day moving average price is $38.49.
Stewart Information Services Corp. (NYSE:STC) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The firm had revenue of $489.40 million for the quarter, compared to the consensus estimate of $569.04 million. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. On average, analysts expect that Stewart Information Services Corp. will post $2.40 earnings per share for the current fiscal year.
Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through three segments: title insurance and related services, mortgage services and corporate.
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