Assured Guaranty Sees Unusually High Options Volume (AGO)
Assured Guaranty (NYSE:AGO) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 12,259 put options on the company, Stock Ratings Network reports. This is an increase of approximately 1,273% compared to the typical daily volume of 893 put options.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Assured Guaranty (NYSE:AGO) from $27.00 to $26.00 in a research note to investors on Monday, August 12th. Separately, analysts at TheStreet downgraded shares of Assured Guaranty (NYSE:AGO) to a “hold” rating in a research note to investors on Monday, August 12th. Finally, analysts at Zacks downgraded shares of Assured Guaranty (NYSE:AGO) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $26.80 price target on the stock.
Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Assured Guaranty presently has an average rating of “Hold” and a consensus price target of $25.36.
Assured Guaranty (NYSE:AGO) traded down 3.57% during mid-day trading on Wednesday, hitting $19.19. The stock had a trading volume of 5,353,237 shares. Assured Guaranty has a 52 week low of $12.48 and a 52 week high of $24.73. The stock has a 50-day moving average of $21.26 and a 200-day moving average of $21.42. The company has a market cap of $3.511 billion and a P/E ratio of 13.32.
Assured Guaranty (NYSE:AGO) last released its earnings data on Thursday, August 8th. The company reported $0.52 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.11. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $202.20 million. During the same quarter last year, the company posted $0.61 earnings per share. Assured Guaranty’s revenue was down 15.8% compared to the same quarter last year. Analysts expect that Assured Guaranty will post $3.19 EPS for the current fiscal year.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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