Arlington Asset Investment Corp Upgraded by Zacks to “Outperform” (AI)
Arlington Asset Investment Corp (NYSE:AI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Friday. The firm currently has a $30.70 price objective on the stock. Zacks‘s price target suggests a potential upside of 10.08% from the stock’s previous close.
A number of other firms have also recently commented on AI. Analysts at MLV & Co
reiterated a “buy” rating on shares of Arlington Asset Investment Corp in a research note on Tuesday. They now have a $30.50 price target on the stock. Analysts at Credit Suisse raised their price target on shares of Arlington Asset Investment Corp from $26.00 to $26.50 in a research note on Tuesday, May 27th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.23.
Shares of Arlington Asset Investment Corp (NYSE:AI) remained flat at $27.89 during trading on Friday. 120,738 shares of the company’s stock traded hands. Arlington Asset Investment Corp has a 52 week low of $22.79 and a 52 week high of $28.50. The stock’s 50-day moving average is $26.79 and its 200-day moving average is $26.69. The company has a market cap of $549.8 million and a P/E ratio of 7.17.
Arlington Asset Investment Corp (NYSE:AI) last announced its earnings results on Tuesday, July 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.16. On average, analysts predict that Arlington Asset Investment Corp will post $4.69 earnings per share for the current fiscal year.
Arlington Asset Investment Corp. is a principal investment firm that acquires mortgage-related and other assets.
To view Zacks’ full report, visit Zacks’ official website.
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