In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Ellington Financial (EFC), with a price target of $18.00. The company’s shares closed last Monday at $6.53.
According to TipRanks.com, Diana has 0 stars on 0-5 star ranking scale with an average return of -11.3% and a 41.2% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Pennantpark Floating Rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ellington Financial with a $19.83 average price target.
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Ellington Financial’s market cap is currently $287.8M and has a P/E ratio of 3.67. The company has a Price to Book ratio of 0.35.
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Ellington Financial, Inc. operates as an investment trust. The firm engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.
