Assured Guaranty Now Covered by Keefe, Bruyette & Woods (AGO)
Research analysts at Keefe, Bruyette & Woods began coverage on shares of Assured Guaranty (NYSE:AGO) in a report released on Tuesday. The firm set an “outperform” rating and a $32.00 price target on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 32.51% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of Assured Guaranty from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $24.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.00.
Assured Guaranty (NYSE:AGO) opened at 24.15 on Tuesday. Assured Guaranty has a 1-year low of $17.80 and a 1-year high of $26.78. The stock’s 50-day moving average is $23.19 and its 200-day moving average is $24.32. The company has a market cap of $4.085 billion and a price-to-earnings ratio of 4.67.
Assured Guaranty (NYSE:AGO) last released its earnings data on Thursday, August 7th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.21. The company had revenue of $260.00 million for the quarter, compared to the consensus estimate of $203.50 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts expect that Assured Guaranty will post $2.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, August 18th.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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