Credit Suisse Maintains Their Hold Rating on AGNC Investment Corp

By Carrie Williams

Credit Suisse analyst Douglas Harter maintained a Hold rating on AGNC Investment Corp (NASDAQ: AGNC) yesterday and set a price target of $20. The company’s shares closed yesterday at $21.19.

According to, Harter is a 4-star analyst with an average return of 6.5% and a 64.1% success rate. Harter covers the Financial sector, focusing on stocks such as Sutherland Asset Management Corporation, Ellington Residential Mortgage, and ARMOUR Residential REIT Inc.

AGNC Investment Corp has an analyst consensus of Moderate Buy, with a price target consensus of $20.25.

Based on AGNC Investment Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $143 million and quarterly net profit of $24 million. In comparison, last year the company earned revenue of $-41,000,000 and had a GAAP net loss of $135 million.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.

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AGNC Investment Corp. is a real estate investment trust. It primarily invests in agency mortgage-backed securities and collateralized mortgage obligations.