Assured Guaranty Ltd (NYSE: AGO) has reported earnings for its third fiscal quarter (ending September 30) of $2.65 versus $0.18 for the same period a year ago — an increase of 1372%. This result exceeded the consensus estimate of $1.09 by $1.56. For the latest four quarters through September 30, E.P.S. were $7.67 versus $4.27 for the same period a year ago — an increase of 80%.
Recent Price Action
Assured Guaranty Ltd (NYSE: AGO) stock declined by -1.6% on 11/7/23. The shares closed at $64.34. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.4% during the last week.
Current PriceTarget Research Rating
AGO is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Assured Guaranty has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Assured Guaranty has a slightly negative Appreciation Score of 40 but a good Power Rating of 84, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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