Equities researchers at Ladenburg Thalmann boosted their target price on shares of Arlington Asset Inve (NYSE: AI) from $27.00 to $30.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock.
Shares of Arlington Asset Inve traded up 0.66% during mid-day trading on Monday, hitting $26.07. Arlington Asset Inve has a 52 week low of $17.84 and a 52 week high of $26.97. The stock’s 50-day moving average is currently $24.2. The company has a market cap of $341.9 million and a P/E ratio of 1.38.
Arlington Asset Inve last announced its earnings results on Wednesday, February 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.24. The company had revenue of $16.70 million for the quarter, compared to the consensus estimate of $17.71 million. Analysts expect that Arlington Asset Inve will post $4.00 EPS for the current fiscal year.
AI has been the subject of a number of other recent research reports. Analysts at Maxim Group raised their price target on shares of Arlington Asset Inve from $23.50 to $26.00 in a research note to investors on Tuesday, February 12th. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Wunderlich raised their price target on shares of Arlington Asset Inve from $21.00 to $23.50 in a research note to investors on Monday, February 11th. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Arlington Asset Inve from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 2nd. They now have a $21.30 price target on the stock.
Three analysts have rated the stock with a buy rating, and two have given a hold rating to the company. The company presently has an average rating of “overweight” and an average price target of $26.00.
Arlington Asset Investment Corp. (AAIC), formerly Friedman Billings Ramsey Group, Inc. is a holding company that through its subsidiaries acquires mortgage-related assets.
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