Javelin Mortgage Investment Corp Rating Lowered to Sell at Citigroup Inc. (JMI)
Javelin Mortgage Investment Corp (NYSE:JMI) opened at 13.85 on Monday. Javelin Mortgage Investment Corp has a 1-year low of $10.72 and a 1-year high of $14.99. The stock has a 50-day moving average of $13.57 and a 200-day moving average of $13.77. The company’s market cap is $166.1 million.
Javelin Mortgage Investment Corp (NYSE:JMI) last announced its earnings results on Friday, May 9th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.09.
JMI has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Javelin Mortgage Investment Corp in a research note on Tuesday, May 27th. They now have a $12.25 price target on the stock, up previously from $11.50. Separately, analysts at Oppenheimer initiated coverage on shares of Javelin Mortgage Investment Corp in a research note on Monday, May 12th. They set a “market perform” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.44.
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.