UBS Raising PT and Estimates on American Capital Agency (AGNC) After Strong Quarter
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Price: $10.96 --0%
Rating Summary:
10 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on American Capital Agency (NASDAQ: AGNC) price target raised from $29 to $31.
Analyst, Dean Choksi, said, "AGNC reported 1Q core EPS of $1.30 (ex a $0.12 benefit from reducing CPR forecasts) beating our $1.15 est and $1.19 consensus. Results benefited from a 15bp decline in funding costs and about a ½ turn higher leverage. Book value grew 5% q/q to $29.06 due to price appreciation on prepay protected securities. AGNC trimmed into strength generating realized gains and an additional $204m of undistributed taxable income which rose to $384m or $1.28 per share."
Choksi raises FY12 EPS estimate from $4.58 to $5.33 and FY13 from $4.57 to $4.89.
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.
Analyst, Dean Choksi, said, "AGNC reported 1Q core EPS of $1.30 (ex a $0.12 benefit from reducing CPR forecasts) beating our $1.15 est and $1.19 consensus. Results benefited from a 15bp decline in funding costs and about a ½ turn higher leverage. Book value grew 5% q/q to $29.06 due to price appreciation on prepay protected securities. AGNC trimmed into strength generating realized gains and an additional $204m of undistributed taxable income which rose to $384m or $1.28 per share."
Choksi raises FY12 EPS estimate from $4.58 to $5.33 and FY13 from $4.57 to $4.89.
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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