Astoria Financial Corp. Given New $15.00 Price Target at Boenning Scattergood (AF)
Research analysts at Boenning Scattergood raised their target price on shares of Astoria Financial Corp. (NYSE:AF) from $14.00 to $15.00 in a report released on Thursday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Boenning Scattergood’s target price suggests a potential upside of 14.07% from the company’s current price.
A number of other firms have also recently commented on AF. Analysts at Zacks upgraded shares of Astoria Financial Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $13.10 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Astoria Financial Corp. from $10.00 to $13.00 in a research note to investors on Wednesday, August 7th. They now have a “hold” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Astoria Financial Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.30.
Astoria Financial Corp. (NYSE:AF) traded up 1.90% during mid-day trading on Thursday, hitting $13.40. 1,138,818 shares of the company’s stock traded hands. Astoria Financial Corp. has a one year low of $8.88 and a one year high of $13.19. The stock’s 50-day moving average is $12.50 and its 200-day moving average is $11.23. The company has a market cap of $1.301 billion and a price-to-earnings ratio of 22.67.
Astoria Financial Corp. (NYSE:AF) last released its earnings data on Thursday, October 17th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $86.20 million for the quarter, compared to the consensus estimate of $86.80 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Astoria Financial Corp. will post $0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.22%.
Astoria Financial Corporation is the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association (NYSE:AF).
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