American Capital Agency Corp.’s Underperform Rating Reaffirmed at Zacks (AGNC)
American Capital Agency Corp. (NASDAQ:AGNC)‘s stock had its “underperform” rating reaffirmed by Zacks in a report released on Wednesday, AnalystRatingsNetwork reports. They currently have a $20.50 target price on the stock. Zacks‘ price target suggests a potential downside of 9.13% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of American Capital Agency Corp. in a research note to investors on Thursday, September 26th. They set a “neutral” rating and a $22.00 price target on the stock. Separately, analysts at Sandler O’Neill downgraded shares of American Capital Agency Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 16th. Finally, analysts at Nomura cut their price target on shares of American Capital Agency Corp. from $32.00 to $22.00 in a research note to investors on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.47.
American Capital Agency Corp. (NASDAQ:AGNC) traded up 0.04% on Wednesday, hitting $22.57. The stock had a trading volume of 4,485,400 shares. American Capital Agency Corp. has a 52 week low of $20.20 and a 52 week high of $33.58. The stock has a 50-day moving average of $22.9 and a 200-day moving average of $25.7. The company has a market cap of $8.942 billion and a price-to-earnings ratio of 2.73.
American Capital Agency Corp. (NASDAQ:AGNC) last released its earnings data on Tuesday, July 30th. The company reported $4.61 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 28th. Shareholders of record on Monday, September 30th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 14.18%. The ex-dividend date of this dividend is Thursday, September 26th.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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