Astoria Financial Corp. Downgraded to Sell at S&P Equity Research (AF)
Astoria Financial Corp. (NYSE:AF) was downgraded by investment analysts at S&P Equity Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, Analyst Ratings Net reports. They currently have a $13.00 target price on the stock. S&P Equity Research’s price target would indicate a potential downside of 0.54% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Astoria Financial Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 18th. They now have a $15.50 price target on the stock, down previously from $17.00. Separately, analysts at Barclays raised their price target on shares of Astoria Financial Corp. from $9.00 to $14.00 in a research note on Wednesday, January 29th. They now have an “equal weight” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Astoria Financial Corp. to $15.50 in a research note on Tuesday, January 14th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.01.
Astoria Financial Corp. (NYSE:AF) opened at 13.07 on Friday. Astoria Financial Corp. has a one year low of $9.22 and a one year high of $14.67. The stock’s 50-day moving average is $13.83 and its 200-day moving average is $13.47. The company has a market cap of $1.282 billion and a P/E ratio of 21.78.
Astoria Financial Corp. (NYSE:AF) last announced its earnings results on Thursday, January 30th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.03. During the same quarter last year, the company posted $0.15 earnings per share. Analysts expect that Astoria Financial Corp. will post $0.64 EPS for the current fiscal year.
Astoria Financial Corporation is the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association (NYSE:AF).
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