Assured Guaranty Ltd Gets a Buy Rating from BTIG

BTIG analyst Mark Palmer maintained a Buy rating on Assured Guaranty Ltd (NYSE: AGO) yesterday and set a price target of $51. The company’s shares closed yesterday at $36.52.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.7% and a 58.0% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Synchrony Financial, and Genworth Financial.

Currently, the analyst consensus on Assured Guaranty Ltd is Moderate Buy and the average price target is $53, representing a 45.1% upside.

In a report issued on April 24, MKM Partners also maintained a Buy rating on the stock with a $55 price target.

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Based on Assured Guaranty Ltd’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $200 million and quarterly net profit of $52 million. In comparison, last year the company earned revenue of $421 million and had a net profit of $317 million.

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Assured Guaranty Ltd. is a holding company, which engages in the provision of credit protection product to the U.S. and international public finance, and structured finance markets through its subsidiaries. Its businesses include public, global infrastructure and structured finance, and reinsurance and specialty insurance.