Talking About Current Stock Valuation: MGIC Investment Corporation (MTG), KeyCorp (KEY)

MGIC Investment Corporation (NYSE:MTG), with a trailing 12-month price-to-sales ratio of 4.08, is now among the expensive stocks in its industry. The broad Property & Casualty Insurance industry has an average P/S ratio of 0.79, which is significantly better than the sector’s 10.16. In the past 13-year record, this ratio went down as low as 0.07 and as high as 5.8. Also, it is down from 0.96 of the total 71 rivals across the globe.

MTG traded at an unexpectedly high level on 11/26/2018 when the stock experienced a 1.74% gain to a closing price of $11.7. The company saw 3.31 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 3.07 million shares a day, this signifies a pretty significant change over the norm.

MGIC Investment Corporation (MTG) Analyst Gushes

Analysts are speculating a 53.85% move, based on the high target price ($18) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $15.92 price target, but the stock is already up 17.35% from its recent lows. However, the stock is trading at -27.82% versus recent highs ($16.21). Analysts believe that we could see stock price minimum in the $13.5 range (lowest target price), allowing for another 15.38% jump from its current position. Leading up to this report, we have seen a -0.59% fall in the stock price over the last 30 days and a -7.66% decline over the past 3 months. Overall, the share price is down -17.08% so far this year. Additionally, MTG had a day price range of $11.535 to $11.77.

MGIC Investment Corporation (MTG) Price Potential

Heading into the stock price potential, MGIC Investment Corporation needs to grow just 36.75% to cross its median price target of $16. In order to determine directional movement, the 50-day and 200-day moving averages for MGIC Investment Corporation (NYSE:MTG) are $12.22 and $11.97. Given that liquidity is king in short-term, MTG is a stock with 365.68 million shares outstanding that normally trades 1.6% of its float. The stock price recently experienced a 5-day loss of -2.9% with 0.4 average true range (ATR). MTG has a beta of 1.79 and RSI is 41.66.

Investors also need to beware of the KeyCorp (NYSE:KEY) valuations. The stock trades on a P/S of 2.99, which suggests that the shares are attractive compared with peers. The broad Communication Equipment industry has an average P/S ratio of 7.57, which is significantly better than the sector’s 10.16. In the past 13-year record, this ratio went down as low as 0.59 and as high as 3.92. Also, it is down from 0.56 of the total 1373 rivals across the globe.

KeyCorp (KEY)’s Lead Over its Technicals

KeyCorp by far traveled 11.1% versus a 1-year low price of $16.48. The share price was last seen 2.06% higher, reaching at $18.31 on Nov. 26, 2018. At recent session, the prices were hovering between $18.03 and $18.53. This company shares are 21.08% off its target price of $22.17 and the current market capitalization stands at $19.06B. The recent change has given its price a -3.28% deficit over SMA 50 and -18.26% deficit over its 52-week high. The stock witnessed 6.83% gains, -13.92% declines and -4.64% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found KEY’s volatility during a week at 2.7% and during a month it has been found around 2.57%.

KeyCorp (NYSE:KEY) Intraday Metrics

KeyCorp (KEY) exchanged hands at an unexpectedly low level of 10.8 million shares over the course of the day. Noting its average daily volume at 12.21 million shares each day over the month, this signifies a pretty significant change over the norm.

KeyCorp Target Levels

The market experts are predicting a 42% rally, based on the high target price ($26) for KeyCorp shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $18 range (lowest target price). If faced, it would be a -1.69% drop from its current position. Overall, the share price is down -9.22% year to date.