Western Asset Mortgage Capital Corp Rating Increased to Neutral at Zacks (WMC)
Western Asset Mortgage Capital Corp (NYSE:WMC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a $15.40 target price on the stock. Zacks‘ target price would suggest a potential upside of 2.74% from the stock’s previous close.
Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded down 0.33% during mid-day trading on Wednesday, hitting $14.94. The stock had a trading volume of 263,803 shares. Western Asset Mortgage Capital Corp has a 1-year low of $14.55 and a 1-year high of $23.98. The stock has a 50-day moving average of $15.17 and a 200-day moving average of $15.91. The company has a market cap of $363.1 million and a price-to-earnings ratio of 93.69.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Western Asset Mortgage Capital Corp from $17.50 to $15.00 in a research note to investors on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Western Asset Mortgage Capital Corp presently has an average rating of “Hold” and a consensus target price of $17.80.
Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (NYSE:WMC), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS.
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