RBC Capital analyst Kenneth Lee maintained a Buy rating on AGNC Investment (NASDAQ:AGNC) on Thursday, setting a price target of $19, which is approximately 3.09% above the present share price of $18.43.
Lee expects AGNC Investment to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in AGNC Investment, with an average price target of $18.7.
The analysts price targets range from a high of $20 to a low of $18.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $999 million and a net profit of $0. The company's market cap is $9.67 billion.
According to TipRanks.com, RBC Capital analyst Kenneth Lee is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.7% and a 70.00% 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.