Jefferies Raises Target on Invesco Mortgage Capital (IVR) Following Q4, Keeps 'Hold' Rating
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Price: $7.52 -0.4%
Rating Summary:
5 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies raised its price target on Invesco Mortgage Capital (NYSE: IVR) from $14 to $16.50 but kept its Hold rating on the stock following Q4 EPS that was in-line with the firm's estimate and $0.02 below the Street.
"Book value declined slightly Q/Q from $16.47 to $16.41, yet management noted book value has trended approximately 5% higher intra-quarter," the firm notes.
FY12 EPS was trimmed from $2.62 to $2.53.
For an analyst ratings summary and ratings history on Invesco Mortgage Capital click here. For more ratings news on Invesco Mortgage Capital click here.
Shares of Invesco Mortgage Capital closed at $17.30 yesterday.
"Book value declined slightly Q/Q from $16.47 to $16.41, yet management noted book value has trended approximately 5% higher intra-quarter," the firm notes.
FY12 EPS was trimmed from $2.62 to $2.53.
For an analyst ratings summary and ratings history on Invesco Mortgage Capital click here. For more ratings news on Invesco Mortgage Capital click here.
Shares of Invesco Mortgage Capital closed at $17.30 yesterday.
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