Credit Suisse Increases American Capital Agency Corp. Price Target to $25.00 (AGNC)
Research analysts at Credit Suisse boosted their price objective on shares of American Capital Agency Corp. (NASDAQ:AGNC) from $24.00 to $25.00 in a report released on Tuesday. Credit Suisse’s price objective would indicate a potential upside of 5.53% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of American Capital Agency Corp. in a research note on Friday, July 18th. They now have a $24.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Capital Agency Corp. in a research note on Thursday, June 12th. They now have a $24.00 price target on the stock, up previously from $22.50. Finally, analysts at Nomura raised their price target on shares of American Capital Agency Corp. from $23.00 to $24.00 in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. American Capital Agency Corp. currently has an average rating of “Hold” and a consensus target price of $22.44.
American Capital Agency Corp. (NASDAQ:AGNC) traded up 0.42% on Tuesday, hitting $23.7899. 1,516,268 shares of the company’s stock traded hands. American Capital Agency Corp. has a 52-week low of $18.84 and a 52-week high of $24.58. The stock has a 50-day moving average of $23.35 and a 200-day moving average of $22.48. The company has a market cap of $8.393 billion and a P/E ratio of 10.28.
American Capital Agency Corp. (NASDAQ:AGNC) last announced its earnings results on Monday, July 28th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.19. The company had revenue of $290.00 million for the quarter, compared to the consensus estimate of $358.00 million. During the same quarter last year, the company posted $4.61 earnings per share. American Capital Agency Corp.’s revenue was down 30.0% compared to the same quarter last year.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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