BTIG analyst Eric Hagen maintained a Buy rating on Ellington Financial (NYSE:EFC) on Friday, setting a price target of $18.5, which is approximately 5.77% above the present share price of $17.49.
Hagen expects Ellington Financial to post earnings per share (EPS) of $0.41 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Ellington Financial, with an average price target of $19.5.
The analysts price targets range from a high of $20 to a low of $18.5.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $26.74 million and a net profit of $0. The company's market cap is $1 billion.
According to TipRanks.com, BTIG analyst Eric Hagen is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.6% and a 60.00% success rate.
Ellington Financial, Inc. engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.