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Maxim Group Stick to Their Buy Rating for AGNC Investment

Published 10/27/2021, 10:45 AM
Updated 10/27/2021, 10:45 AM


Maxim Group analyst Michael Diana reiterated a Buy rating on AGNC Investment (NASDAQ:AGNC) on Tuesday, setting a price target of $18, which is approximately 9.02% above the present share price of $16.51.

Diana expects AGNC Investment to post earnings per share (EPS) of -$0.83 for the fourth quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in AGNC Investment, with an average price target of $17.08.
The analysts price targets range from a high of $18 to a low of $16.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of -$389 million and a net profit of $0. The company's market cap is $8.67 billion.

According to TipRanks.com, Maxim Group analyst Michael Diana is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.1% and a 58.55% success rate.

AGNC Investment Corp. operates as a real estate investment trust. It primarily invests in agency residential mortgage-backed securities on a leveraged basis. The firm's investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a United States Government-sponsored enterprise, such as the Federal National Mortgage Association (OTC:FNMA) and the Federal Home Loan Mortgage Corporation, and by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities where repayment of principal and interest is not guaranteed by a GSE or U.S. Government agency. The company was founded on January 7, 2008 and is headquartered in Bethesda, MD.

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