Merrill Lynch Downgrades American Capital Agency Corp. to Neutral (AGNC)
American Capital Agency Corp. (NASDAQ:AGNC) was downgraded by stock analysts at Merrill Lynch to a “neutral” rating in a report issued on Tuesday, StockRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of American Capital Agency Corp. from $27.00 to $25.50 in a research note to investors on Tuesday, October 29th. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.38.
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 announced its earnings results on Tuesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.19. The company had revenue of $413.00 million for the quarter. During the same quarter in the previous year, the company posted $3.98 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis.
In other American Capital Agency Corp. news, Insider Gary D. Kain bought 25,000 shares of American Capital Agency Corp. stock on the open market in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $21.66 per share, for a total transaction of $541,500.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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