Assured Guaranty Target of Unusually Large Options Trading (AGO)
Assured Guaranty (NYSE:AGO) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 15,496 put options on the stock, StockRatingsNetwork reports. This represents an increase of 774% compared to the average daily volume of 1,772 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Assured Guaranty presently has an average rating of “Hold” and an average target price of $25.36.
Assured Guaranty (NYSE:AGO) traded down 0.36% during mid-day trading on Friday, hitting $19.31. 815,713 shares of the company’s stock traded hands. 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 $21.06 and a 200-day moving average of $21.39. The company has a market cap of $3.533 billion and a price-to-earnings ratio of 12.97.
Assured Guaranty (NYSE:AGO) last announced its earnings results on Thursday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was down 15.8% on a year-over-year basis. On average, analysts predict that Assured Guaranty will post $3.19 earnings per share for the current fiscal year.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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