News articles about Assured Guaranty (NYSE:AGO) have been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Assured Guaranty earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.1054172280192 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $47.00 price target on shares of Assured Guaranty in a research note on Wednesday, December 20th. ValuEngine cut shares of Assured Guaranty from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Assured Guaranty in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.00.
Shares of Assured Guaranty (NYSE AGO) traded up $1.18 during midday trading on Wednesday, hitting $36.32. 429,177 shares of the company traded hands, compared to its average volume of 1,089,615. Assured Guaranty has a one year low of $32.97 and a one year high of $45.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $4,086.22, a PE ratio of 6.17 and a beta of 1.43.
Assured Guaranty announced that its board has approved a stock repurchase program on Thursday, November 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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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.
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