UBS AG Boosts Price Target on American Capital Agency Corp. (AGNC)

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UBS AG (NYSE: UBS) raised their price target on shares of American Capital Agency Corp. (NASDAQ: AGNC) from $29.00 to $31.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of American Capital Agency Corp. in a research note to investors on Thursday. Separately, analysts at Bank of America (NYSE: BAC) upgraded shares of American Capital Agency Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, April 2nd. Finally, analysts at JMP Securities upgraded shares of American Capital Agency Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, March 12nd. They now have a $31.00 price target on the stock, up previously from $2.00.

American Capital Agency Corp. traded down 0.57% on Friday, hitting $31.48. American Capital Agency Corp. has a 52-week low of $22.03 and a 52-week high of $31.17. The company has a market cap of $5.792 billion and a price-to-earnings ratio of 4.74.

American Capital Agency Corp. last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.25. The company’s quarterly revenue was up 216.3% on a year-over-year basis. Analysts expect that American Capital Agency Corp. will post $0.00 EPS next quarter.

American Capital Agency Corp. (AGNC) is a real estate investment trust (REIT), which invests in residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis.

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