JonesResearch analyst, Jason Weaver, has revised the price target for AGNC Investment (AGNC, Financial), lowering it to $9.50 from a previous $10.25. Despite this adjustment, the analyst maintains a Buy rating for the shares, reflecting confidence in the company's strategy following its recent quarterly results. These results aligned with expectations outlined in an April 10 announcement.
The firm predicts that as the yield curve continues to steepen, AGNC will tactfully manage capital deployment, taking advantage of historically wide spreads. Such strategic positioning is anticipated to support the company's current dividend of 12 cents per month.
With AGNC focusing on sustaining high-teens expected returns on equity (ROEs), it is expected to maintain relatively stable levels of leverage while deploying capital. This disciplined approach is seen as a positive sign for investors, underlying the company's commitment to maximizing returns amidst evolving market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for AGNC Investment Corp (AGNC, Financial) is $9.85 with a high estimate of $11.00 and a low estimate of $8.25. The average target implies an upside of 16.90% from the current price of $8.43. More detailed estimate data can be found on the AGNC Investment Corp (AGNC) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, AGNC Investment Corp's (AGNC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
