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Apollo Residential Mortgage (NASDAQ:AMTG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $19.00 target price on the stock. Zacks‘s price objective indicates a potential upside of 16.07% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apollo Residential Mortgage in a research note on Thursday, June 12th. They now have a $18.50 price target on the stock, up previously from $17.50. Analysts at Credit Suisse raised their price target on shares of Apollo Residential Mortgage from $17.00 to $18.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Apollo Residential Mortgage presently has a consensus rating of “Buy” and an average price target of $18.80.

Shares of Apollo Residential Mortgage (NASDAQ:AMTG) traded down 0.06% on Monday, hitting $16.36. The stock had a trading volume of 162,355 shares. Apollo Residential Mortgage has a 1-year low of $14.24 and a 1-year high of $17.50. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $16.48. The company has a market cap of $524.6 million and a price-to-earnings ratio of 6.74.

Apollo Residential Mortgage (NASDAQ:AMTG) last released its earnings data on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.01. During the same quarter last year, the company posted $0.59 earnings per share. On average, analysts predict that Apollo Residential Mortgage will post $2.10 earnings per share for the current fiscal year.

Apollo Residential Mortgage, Inc is a holding company, which conducts its business primarily through ARM Operating, LLC and its other operating subsidiaries.

To view Zacks’ full report, visit Zacks’ official website.

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