Nomura Securities Reiterates a 'Buy' on American Capital Agency (AGNC); Raising PT & Estimates

Nomura Securities reiterates a 'Buy' on American Capital Agency (NASDAQ: AGNC) price target raised from $30 to $33.

Analyst, Bill Carcache, said, "We’re raising our estimates to reflect this quarter’s beat and modestly higher leverage over the next few quarters. Our 2012 / 2013 EPS estimates go to $6.15 / $5.24, from $5.02 / $5.06. We’re maintaining our annual dividend estimates of $5.00 per share in 2012 and 2013...Overall, the portfolio performed very strongly this quarter. The company generated healthy spreads and realized substantial gains. Prepayment speeds remain in check, as the company continues to outperform its peers."

For an analyst ratings summary and ratings history on American Capital Agency click here. For more ratings news on American Capital Agency click here.

Shares of American Capital Agency closed at $31.65 yesterday.

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