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Saturday, September 26, 2020

The Forecast Just Changed on Old Republic International Corporation (NYSE:ORI)

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The Old Republic International Corporation (ORI) shares are trading at lower $16.31 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $21.00.

To add more color to this target, the company’s high over the last year is $24.10 and the low is $11.88. Over the last 52 weeks, ORI is down -32.32% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ORI reported a profit of $-769.9 million. Old Republic International Corporation also saw revenues decrease to $701.5 million. In addition, ORI has free cash flow of $216.3 million as of 03-2020. The company’s EBITDA came in at -$755.1 million which compares well with its peers.

ORI booked profit margins of 15.60%, its Return on Equity (ROE) is 18.50%, and its Return on Assets is 5.10%. All told, it is clear that, ORI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ORI has a short ratio of 1.55 and outstanding shares of 300.28M.

Company Outlook

ORI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.31 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.91. Investors should also keep an eye on sector updates as ORI has historically followed its peers on positive news.

All told, Old Republic International Corporation ORI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ORI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Old Republic International Corporation ORI is now commanding a market cap of 5.05B and a float of 285.50M. ORI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ORI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ORI, either long or short, and we have not been compensated for this article.

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