Assured Guaranty Ltd. (NYSE:AGO) Earns Buy Rating from UBS AG

UBS AG restated their buy rating on shares of Assured Guaranty Ltd. (NYSE:AGO) in a research report report published on Wednesday, October 4th, www.benzinga.com reports. They currently have a $47.00 target price on the financial services provider’s stock, down from their previous target price of $49.00.

AGO has been the topic of a number of other research reports. BidaskClub upgraded Assured Guaranty from a sell rating to a hold rating in a research note on Friday, June 9th. BTIG Research restated a buy rating and set a $49.00 price target on shares of Assured Guaranty in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $42.00 price target on shares of Assured Guaranty in a research note on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $47.00.

Shares of Assured Guaranty (AGO) opened at 37.07 on Wednesday. Assured Guaranty has a 12-month low of $28.56 and a 12-month high of $45.73. The company’s 50 day moving average price is $40.05 and its 200-day moving average price is $40.80. The firm has a market cap of $4.41 billion, a P/E ratio of 4.17 and a beta of 1.65.

Assured Guaranty (NYSE:AGO) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.44. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Assured Guaranty will post $4.86 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Assured Guaranty Ltd. (NYSE:AGO) Earns Buy Rating from UBS AG” was published by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/assured-guarantys-ago-buy-rating-reaffirmed-at-ubs-ag/1697712.html.

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in shares of Assured Guaranty by 2.3% in the 1st quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 84 shares during the last quarter. Bank of Hawaii grew its stake in shares of Assured Guaranty by 1.2% in the 2nd quarter. Bank of Hawaii now owns 15,510 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 180 shares during the last quarter. ETRADE Capital Management LLC grew its stake in shares of Assured Guaranty by 4.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 11,509 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 485 shares during the last quarter. Sawtooth Solutions LLC grew its stake in shares of Assured Guaranty by 7.4% in the 2nd quarter. Sawtooth Solutions LLC now owns 7,181 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 492 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Assured Guaranty by 5.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,898 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

Assured Guaranty Company Profile

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

Receive News & Ratings for Assured Guaranty Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty Ltd. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.