Jefferies Raises Price Target on MFA Financial (MFA)
Tweet Send to a FriendGet Alerts MFA Hot Sheet
Price: $9.44 +1.61%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MFA Now!
Jefferies analysts raised their price target on MFA Financial (NYSE: MFA) $0.50 from $7.50 to $8.00 while maintaining a BUY rating on the company.
In a company note, a Jefferies analyst stated “With longer term funding now secured for non-agency assets, we expect the portfolio to perform well as MFA has historically been a cautious investor in the space, patiently waiting until it sees value in a trade.”
Jefferies' $8 price target equates to 1.05x book value, or in line with MFA's longterm multiple.
Jefferies Buy MFA Mortgage (NYSE: MFA) price target of $8.00
For an analyst ratings summary and ratings history on MFA Mortgage click here. For more ratings news on MFA Mortgage click here.
Shares of MFA Mortgage closed at $7.61 yesterday, with a 52 week range of $6.23-$8.35.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
In a company note, a Jefferies analyst stated “With longer term funding now secured for non-agency assets, we expect the portfolio to perform well as MFA has historically been a cautious investor in the space, patiently waiting until it sees value in a trade.”
Jefferies' $8 price target equates to 1.05x book value, or in line with MFA's longterm multiple.
Jefferies Buy MFA Mortgage (NYSE: MFA) price target of $8.00
For an analyst ratings summary and ratings history on MFA Mortgage click here. For more ratings news on MFA Mortgage click here.
Shares of MFA Mortgage closed at $7.61 yesterday, with a 52 week range of $6.23-$8.35.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- UBS Survey Shows Signs of Strength for Gilead's (GILD) TAF
- Goldman Sees Blockbuster Potential for Bristol-Myers Squibb's (BMY) Nivolumab (PD-1)
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
