Investment analysts at MKM Partners boosted their price target on shares of Assured Guaranty (NYSE:AGO) from $30.00 to $35.00 in a note issued to investors on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. MKM Partners’ target price suggests a potential upside of 46.32% from the stock’s previous close.
Shares of Assured Guaranty (NYSE:AGO) traded up 1.88% during mid-day trading on Tuesday, hitting $24.37. The stock had a trading volume of 584,549 shares. Assured Guaranty has a 52-week low of $13.67 and a 52-week high of $24.73. The stock has a 50-day moving average of $21.47 and a 200-day moving average of $21.48. The company has a market cap of $4.433 billion and a price-to-earnings ratio of 8.56.
Assured Guaranty (NYSE:AGO) last announced its earnings results on Monday, November 11th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.01. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $190.30 million. During the same quarter last year, the company posted $0.85 earnings per share. Assured Guaranty’s revenue was down 23.3% compared to the same quarter last year. On average, analysts predict that Assured Guaranty will post $3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, November 19th.
A number of other firms have also recently commented on AGO. Analysts at UBS AG raised their price target on shares of Assured Guaranty from $28.00 to $30.00 in a research note to investors on Monday, November 18th. They now have a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Assured Guaranty from $23.00 to $25.00 in a research note to investors on Wednesday, November 13th. They now have a “market perform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Assured Guaranty from $26.00 to $23.00 in a research note to investors on Tuesday, October 15th. They now have a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.97.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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