There’s a lot to be optimistic about in the Financial sector as 1 analysts just weighed in on and Ellington Financial (EFC – Research Report) with bullish sentiments.
Ellington Financial (EFC)
BTIG analyst Eric Hagen maintained a Buy rating on Ellington Financial on November 8 and set a price target of $19.50. The company’s shares closed last Thursday at $17.64.
According to TipRanks.com, Hagen is a 2-star analyst with an average return of 1.1% and a 47.6% success rate. Hagen covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, New Residential Inv, and Chimera Investment.
Ellington Financial has an analyst consensus of Strong Buy, with a price target consensus of $19.50, which is a 10.1% upside from current levels. In a report issued on November 8, Maxim Group also reiterated a Buy rating on the stock with a $20.00 price target.
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