Arlington Asset Investment Corp Earns A- Credit Rating from Morningstar (AI)
Arlington Asset Investment Corp (NYSE:AI) has been given an “A-” credit rating by analysts at Morningstar. The credit rating agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Arlington Asset Investment Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, August 22nd. They now have a $30.70 price target on the stock. Analysts at MLV & Co
reiterated a “buy” rating on shares of Arlington Asset Investment Corp in a research note on Tuesday, August 19th. They now have a $30.50 price target on the stock.
Arlington Asset Investment Corp (NYSE:AI) traded up 1.07% during mid-day trading on Monday, hitting $28.42. 175,339 shares of the company’s stock traded hands. Arlington Asset Investment Corp has a 1-year low of $22.79 and a 1-year high of $28.50. The stock’s 50-day moving average is $27.04 and its 200-day moving average is $26.82. The company has a market cap of $560.2 million and a P/E ratio of 7.23.
Arlington Asset Investment Corp (NYSE:AI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters 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 more credit ratings from Morningstar, visit www.morningstar.com.
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.