Keefe, Bruyette & Woods Lowers American Capital Agency Corp. Price Target to $25.50 (AGNC)
Equities researchers at Keefe, Bruyette & Woods dropped their price target on shares of American Capital Agency Corp. (NASDAQ:AGNC) from $27.00 to $25.50 in a research report issued on Tuesday, AnalystRatingsNetwork reports. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 16.15% from the company’s current price.
American Capital Agency Corp. (NASDAQ:AGNC) traded up 1.12% during mid-day trading on Tuesday, hitting $21.955. The stock had a trading volume of 4,862,206 shares. American Capital Agency Corp. has a 52-week low of $20.20 and a 52-week high of $33.31. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $24.68. The company has a market cap of $8.698 billion and a price-to-earnings ratio of 2.63.
American Capital Agency Corp. (NASDAQ:AGNC) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.19. The company had revenue of $413.00 million for the quarter. During the same quarter last year, the company posted $3.98 earnings per share. American Capital Agency Corp.’s revenue was down .2% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. downgraded shares of American Capital Agency Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 29th. Separately, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of American Capital Agency Corp. in a research note to investors on Wednesday, October 16th. They now have a $22.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of American Capital Agency Corp. to $23.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.38.
In other American Capital Agency Corp. news, Insider Gary D. Kain acquired 25,000 shares of the stock on the open market in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $21.66 per share, with a total value of $541,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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