Research analysts at BMO Capital Markets cut their price objective on shares of American Capital Agency Corp. (NASDAQ:AGNC) from $18.00 to $17.00 in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 24.56% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of American Capital Agency Corp. in a research note to investors on Wednesday. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Wunderlich cut their price target on shares of American Capital Agency Corp. from $29.00 to $23.50 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of American Capital Agency Corp. from $30.00 to $27.00 in a research note to investors on Tuesday.
One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.
American Capital Agency Corp. (NASDAQ:AGNC) traded down 2.40% on Wednesday, hitting $22.535. American Capital Agency Corp. has a 52-week low of $20.20 and a 52-week high of $36.77. The stock’s 50-day moving average is currently $22.76. The company has a market cap of $8.934 billion and a price-to-earnings ratio of 9.00.
American Capital Agency Corp. (NASDAQ:AGNC) last announced its earnings results on Tuesday, July 30th. The company reported $4.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $3.16. The company had revenue of $414.00 million for the quarter, compared to the consensus estimate of $22.10 million. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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Q2 2013 Transcript @ http://stks.co/ifAd
2013-08-02 13:10