Maxim Group Increases Orchid Island Capital Price Target to $14.50 (ORC)
Equities researchers at Maxim Group hoisted their price target on shares of Orchid Island Capital (NYSE:ORC) from $14.00 to $14.50 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Maxim Group’s target price would suggest a potential upside of 2.91% from the stock’s previous close.
Orchid Island Capital (NYSE:ORC) opened at 14.09 on Wednesday. Orchid Island Capital has a one year low of $10.02 and a one year high of $14.45. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $13.02. The company has a market cap of $137.3 million and a P/E ratio of 4.93.
Orchid Island Capital (NYSE:ORC) last announced its earnings results on Tuesday, July 29th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.62. Analysts expect that Orchid Island Capital will post $2.95 EPS for the current fiscal year.
Orchid Island Capital, Inc, is a specialty finance company that invests in residential mortgage-backed securities (NYSE:ORC).
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