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American Capital Agency Corp. Message Board

  • little2late0 little2late0 Sep 18, 2012 7:35 AM Flag

    AGNC Downgraded Today

    Downgraded by Jefferies to Neutral today based on valuation. Price target of $34. Oh well, I needed to add a few more shares anyway.

    Futures are down early this morning as well. Let's see how the market reacts to this news later today.


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    • It should not be allowed! They are just buying the dividend the day before it goes ex.

    • Jefferies downgraded American Capital Agency (NASDAQ: AGNC) from Buy to Hold with a price target of $34, citing valuation.

      The analyst comments, "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."

      • 2 Replies to rlp2451
      • I have downgraded Jefferies. They had been holding firm on Underperform, but with the recent news of glue sniffing and magic marker inhaling, I have been forced to move them to SELL, this could be a Panic Sell due to one employee caught in the bathroom with a copy of NEWSWEEK

        Sentiment: Hold

      • Anyone questioning the timing of this downgrade, the day before ex-div?

        I really need to start a research firm... I will find all the largest div-payers and then 1 day before ex-div, I will announce downgrades w/ price targets that are just a little below where the stock is about to go naturally the next day (ex-div). Then I will say "SEE! The stock indeed hit our price target, and earlier than expected!"

        On a side note, when planning to sell options/stock prior to ex-div, this was a great example of the need for disciplined selling in the prior days leading up to the ex-div.

        Fortunately the stock is recovering nicely.. Was down 49c+ to 36.1x's a little earlier and it is gaining back cent after cent after cent as I type this. Probably has come back 15-20c during this msg alone! Back to the 36.50's now.

        If we use technical analysis for the past 15 minutes, why, with this trend we will be over $40 by end of day!!! ;) (Ducking...)

    • Excuse me, they changed their rating to Hold, not Neutral. Same thing I guess.


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