Assured Guaranty Ltd (NYSE:AGO) price on Friday, February 28, fall -5.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $87.33.
A look at the stock’s price movement, the close in the last trading session was $92.20. The PE ratio in trailing twelve months stood at 12.80. Turning to its 52-week performance, $96.60 and $72.57 were the 52-week high and 52-week low respectively. Overall, AGO moved -7.41% over the past month.
Assured Guaranty Ltd’s market cap currently stands at around $4.45 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.24, with its dividend yield at 1.42%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 242.17M for the company’s revenue for the quarter, with a low and high estimate of 217.84M and 290M respectively. The average forecast suggests down to a -1.16% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 844.38M, representing a -3.17% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AGO is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend AGO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AGO’s current price about -4.89% and -3.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.61, while 7-day volatility ratio is 2.22% and 1.92% in the 30-day chart. Further, Assured Guaranty Ltd (AGO) has a beta value of 1.09, and an average true range (ATR) of 2.10. Analysts have given the company’s stock an average 52-week price target of $84, forecast between a low of $84 and high of $84. Looking at the price targets, the low is 3.81% off current price level while to achieve the yearly target high, price needs to move 3.81%. Nonetheless, investors will most likely welcome a 3.81% jump to $84 which is the analysts’ median price.
If we refocus on Assured Guaranty Ltd (NYSE:AGO), historical trading data shows that trading volumes averaged 248.10K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.50 million shares.
The 6.44% of Assured Guaranty Ltd’s shares are in the hands of company insiders while institutional holders own 92.32% of the company’s shares. Current price change has pushed the stock -2.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGO stock continues to rise going into the next quarter.
