Barclays analyst Terry Ma maintains $NMI Holdings (NMIH.US)$ with a buy rating, and adjusts the target price from $43 to $48.
According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NMI Holdings (NMIH.US)$'s main analysts recently are as follows:
The 30-year mortgage rate has decreased significantly since the second quarter, leading to a substantial 90% year-over-year increase in refinance applications. The balanced business models remain preferred, though the outlook has become incrementally more positive.
Consumer finance stocks have outperformed expectations, delivering an average total return of 18% year-to-date. This performance has been primarily driven by multiple expansion rather than positive revisions to earnings. Against this backdrop, it is suggested that investors should consider taking profits opportunistically. The current market outlook seems uncertain but balanced, with a tendency to place too high a probability on optimistic scenarios and too low a probability on pessimistic or tail-risk scenarios.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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