Stock Traders Purchase High Volume of Assured Guaranty Put Options (AGO)
Assured Guaranty (NYSE:AGO) was the recipient of unusually large options trading on Wednesday. Traders bought 14,717 put options on the company, Analyst Ratings Network reports. This is an increase of 585% compared to the typical volume of 2,147 put options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Assured Guaranty from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $25.40 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Assured Guaranty from $30.00 to $35.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Assured Guaranty from $28.00 to $30.00 in a research note to investors on Monday, November 18th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Assured Guaranty presently has an average rating of “Buy” and an average target price of $26.73.
Assured Guaranty (NYSE:AGO) traded down 2.87% on Wednesday, hitting $22.33. 5,962,239 shares of the company’s stock traded hands. Assured Guaranty has a 52 week low of $13.95 and a 52 week high of $24.81. The stock’s 50-day moving average is $23.28 and its 200-day moving average is $21.56. The company has a market cap of $4.062 billion and a price-to-earnings ratio of 8.23.
Assured Guaranty (NYSE:AGO) last released its earnings data on Monday, November 11th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $190.30 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 23.3% on a year-over-year basis. On average, analysts predict that Assured Guaranty will post $3.19 earnings per share for the current fiscal year.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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