Market Overview

UPDATE: Jefferies Downgrades American Capital Agency to Hold on Valuation

Related AGNC
American Capital Raises $510M Managed CLO
Millennials Waiting Longer Than Ever To Buy First Home
American Capital Agency Corp.'s Q3 2015 Income Statement Projection - Part 2 (Seeking Alpha)

Jefferies reduced its rating on American Capital Agency (NASDAQ: AGNC) from Buy to Hold with a reiterated $34 price target.

Jefferies noted, "With AGNC trading to a P:B multiple of 1.18x our projected 3Q12 book value, and our view that QE3 is now fully priced into the shares, we are downgrading the shares from Buy to Hold. Although AGNC has arguably the most savvy management team and the best total return over the TTM in the mortgage REIT space, we cannot justify adding to positions at these valuation levels."

American Capital Agency closed at $36.68 on Monday.

Latest Ratings for AGNC

Aug 2015Compass PointUpgradesNeutralBuy
Aug 2015NomuraUpgradesNeutralBuy
Aug 2015Deutsche BankMaintainsHold

View More Analyst Ratings for AGNC
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (AGNC)

Get Benzinga's Newsletters