Highlights:
- Annaly Capital Management (NLY, Financial) outpaces the Finance sector with a significant year-to-date gain of 7.3%.
- Analysts have increased full-year earnings estimates for NLY by 6.2% over the last quarter.
- Current average analyst price target suggests a potential upside of 24.35% from the current price.
Annaly Capital Management Inc. (NYSE: NLY) has emerged as a standout performer in the Finance sector this year, achieving a notable 7.3% year-to-date gain. This is particularly impressive when compared to the sector's average loss of 1.4%. With a Zacks Rank of #2 (Buy), the company's full-year earnings estimates have increased by 6.2% in the past quarter, showcasing growing analyst confidence in its performance prospects.
Wall Street Analysts Forecast
Analyst sentiment towards Annaly Capital Management remains optimistic. According to price targets from 10 analysts, the average target price for NLY is $21.12, with a high estimate of $23.00 and a low estimate of $19.00. This average target indicates a potential 24.35% upside from the current trading price of $16.98. Investors interested in a deeper dive into these estimates can visit the Annaly Capital Management Inc (NLY, Financial) Forecast page on GuruFocus.
The broader sentiment from the investment community is also noteworthy. Based on the consensus from 14 brokerage firms, Annaly Capital Management Inc. has an average brokerage recommendation of 2.1, which translates to an "Outperform" rating. The rating system ranges from 1, indicating a "Strong Buy," to 5, representing a "Sell."
