American Capital Agency Corp. Price Target Cut to $22.00 (AGNC)
Equities researchers at Barclays lowered their target price on shares of American Capital Agency Corp. (NASDAQ:AGNC) from $24.00 to $22.00 in a research report issued on Wednesday, AmericanBankingNews.com reports. Barclays’ target price suggests a potential upside of 1.06% from the company’s current price.
A number of other firms have also recently commented on AGNC. Analysts at Jefferies Group cut their price target on shares of American Capital Agency Corp. from $23.00 to $22.00 in a research note to investors on Wednesday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of American Capital Agency Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of American Capital Agency Corp. in a research note to investors on Tuesday. They now have a $22.75 price target on the stock, down previously from $24.00. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.81.
American Capital Agency Corp. (NASDAQ:AGNC) traded up 2.06% during mid-day trading on Wednesday, hitting $21.77. The stock had a trading volume of 9,181,403 shares. American Capital Agency Corp. has a one year low of $18.84 and a one year high of $33.31. The stock’s 50-day moving average is $20.15 and its 200-day moving average is $21.64. The company has a market cap of $8.366 billion and a P/E ratio of 3.67. American Capital Agency Corp. also was the target of unusually large options trading activity on Tuesday. Investors acquired 5,093 put options on the stock. This represents an increase of 171% compared to the typical daily volume of 1,876 put options.
American Capital Agency Corp. (NASDAQ:AGNC) last announced its earnings results on Tuesday, February 4th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.12. The company had revenue of $421.00 million for the quarter. During the same quarter in the prior year, the company posted $0.89 earnings per share.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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