Oppenheimer Initiates Coverage on Javelin Mortgage Investment Corp (JMI)
Research analysts at Oppenheimer began coverage on shares of Javelin Mortgage Investment Corp (NYSE:JMI) in a report released on Monday, StockRatingsNetwork.com reports. The firm set a “market perform” rating on the stock.
Shares of Javelin Mortgage Investment Corp (NYSE:JMI) opened at 13.27 on Monday. Javelin Mortgage Investment Corp has a 52 week low of $10.72 and a 52 week high of $18.84. The stock has a 50-day moving average of $13.36 and a 200-day moving average of $13.42. The company’s market cap is $159.2 million.
Javelin Mortgage Investment Corp (NYSE:JMI) last released its earnings data on Friday, May 9th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.09.
A number of other firms have also recently commented on JMI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Javelin Mortgage Investment Corp in a research note on Thursday, May 8th. They now have a $13.50 price target on the stock, down previously from $14.25. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Javelin Mortgage Investment Corp has an average rating of “Hold” and an average price target of $12.48.
JAVELIN Mortgage Investment Corp. is formed to invest in and manage a leveraged portfolio of agency mortgage-backed securities, non-agency mortgage-backed securities and other mortgage-related investments.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.