B. Riley has adjusted its price target for Eagle Point Income (EIC, Financial), bringing it down to $17 from the previous $17.50 while still maintaining a Buy rating on the stock. This revision comes in light of the firm's analysis, which indicates a potential slowdown in mortgage finance activities. Loan origination and investment activities appear to have underperformed in the first quarter, as suggested by the firm's observations. Consequently, B. Riley has moderated its earnings forecasts for Eagle Point Income to align with these trends.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Eagle Point Income Co Inc (EIC, Financial) is $17.00 with a high estimate of $17.50 and a low estimate of $16.50. The average target implies an upside of 22.63% from the current price of $13.86. More detailed estimate data can be found on the Eagle Point Income Co Inc (EIC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Eagle Point Income Co Inc's (EIC, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
