American Capital Agency (AGNC) : 4 brokerage houses believe that American Capital Agency (AGNC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on American Capital Agency (AGNC). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.88.
American Capital Agency (AGNC) : Currently there are 7 street experts covering American Capital Agency (AGNC) stock. The most bullish and bearish price target for the stock is $23 and $16 respectively for the short term. The average price target of all the analysts comes to $20.71. The estimated standard deviation from the target is $2.36.
American Capital Agency (NASDAQ:AGNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.62 and $19.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.82, notching a gain of 1.28% for the day. The total traded volume was 4,102,140 . The stock had closed at $19.57 on the previous day.
Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on American Capital Agency (NASDAQ:AGNC). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on June 29, 2016. The company shares have rallied 1.29% from its 1 Year high price. On Aug 21, 2015, the shares registered one year high at $20.08 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.10 and the 200 Day Moving Average price is recorded at $18.31.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The Companys income comes primarily from its investments in agency mortgage-backed securities (agency MBS). The Companys investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) 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 a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). It also invests in agency debenture securities issued by Freddie Mac, Fannie Mae or the Federal Home Loan Bank and in other agency securities. The Company is externally managed by American Capital AGNC Management, LLC, an affiliate of American Capital, Ltd.