Ellington Financial Rating Lowered to Underperform at Zacks (EFC)
Ellington Financial (NYSE:EFC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, American Banking and Market News reports. They currently have a $21.50 target price on the stock. Zacks‘ price objective indicates a potential downside of 4.99% from the stock’s previous close.
Ellington Financial (NYSE:EFC) traded up 1.28% on Thursday, hitting $22.92. 43,606 shares of the company’s stock traded hands. Ellington Financial has a 52-week low of $21.12 and a 52-week high of $26.99. The stock’s 50-day moving average is $22.21 and its 200-day moving average is $23.50. The company has a market cap of $582.6 million and a price-to-earnings ratio of 4.46.
Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.22. On average, analysts predict that Ellington Financial will post $3.82 earnings per share for the current fiscal year.
A number of other firms have also recently commented on EFC. Analysts at TheStreet upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Compass Point initiated coverage on shares of Ellington Financial in a research note to investors on Monday, September 16th. They set a “buy” rating and a $26.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Ellington Financial from $27.00 to $24.50 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.88.
Ellington Financial LLC (NYSE:EFC) is a specialty finance company, which specializes in acquiring and managing mortgage-related assets.
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