American Capital Agency (AGNC) - Bull of the Day
12 Juin 2012 - 2:00AM
Zacks
We are changing our long-term recommendation for
American
Capital Agency (AGNC) from Neutral to Outperform, backed by its
strong first quarter 2012 results and a healthy year-over-year
earnings and revenue increase. American Capital Agency focuses
exclusively on fixed-rate agency securities guaranteed by the U.S.
government, which limits its credit risks.
American Capital Agency is also among a selected group of
companies that have increased their dividend during the economic
crisis. The company paid a total of $1.5 billion in dividends or
$20.11 per share since its initial public offering in May 2008.
Our long-term Outperform recommendation on the stock indicates
that it would perform well above the broader market. Our target
price of $39.00, 6.0X 2012 EPS, reflects this view.
AMER CAP AGENCY (AGNC): Free Stock Analysis Report
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