AGNC Investment (NASDAQ:AGNC) Stock Rating Upgraded by BidaskClub

AGNC Investment (NASDAQ:AGNC) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

A number of other equities analysts have also commented on AGNC. Royal Bank of Canada began coverage on AGNC Investment in a research note on Wednesday, October 2nd. They set a “sector perform” rating and a $16.00 price target for the company. UBS Group began coverage on AGNC Investment in a research note on Friday, June 21st. They set a “neutral” rating and a $16.50 price target for the company. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Maxim Group reissued a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. AGNC Investment has an average rating of “Hold” and a consensus price target of $17.86.

NASDAQ:AGNC opened at $16.26 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03. AGNC Investment has a 12-month low of $14.51 and a 12-month high of $18.29. The stock has a 50-day moving average price of $15.68 and a 200 day moving average price of $16.88. The stock has a market capitalization of $8.91 billion, a P/E ratio of 6.92, a P/E/G ratio of 2.69 and a beta of 0.26.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. The business had revenue of $123.00 million for the quarter, compared to analysts’ expectations of $289.69 million. During the same quarter in the prior year, the business posted $0.63 EPS. On average, research analysts predict that AGNC Investment will post 1.97 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Panagora Asset Management Inc. lifted its stake in shares of AGNC Investment by 77.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 34,173 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 14,874 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of AGNC Investment by 10.5% in the 2nd quarter. GW&K Investment Management LLC now owns 1,060,762 shares of the real estate investment trust’s stock valued at $17,842,000 after purchasing an additional 100,692 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of AGNC Investment by 13.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 197,394 shares of the real estate investment trust’s stock valued at $3,320,000 after purchasing an additional 23,131 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of AGNC Investment by 149.3% in the 2nd quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 896 shares during the last quarter. Finally, TCW Group Inc. bought a new stake in shares of AGNC Investment in the 1st quarter valued at approximately $680,000. 66.74% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).

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Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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