Annaly Capital Shares Surpass Analyst’s 12-Month Target: What’s Next?
In recent trading, shares of Annaly Capital Management Inc (Symbol: NLY) crossed above the average analyst 12-month target price of $21.21, trading at $21.23 per share. When a stock hits its target price, analysts typically face two choices: either adjust the price down due to valuation concerns or raise it based on improved outlooks. Analysts may alter their views depending on the company’s performance and trends that could push the stock higher.
Analyst Target Overview
Within the Zacks coverage, 12 different analyst targets contribute to the average for Annaly Capital Management Inc. However, averages may not tell the whole story; analysts have varying opinions. While one has a target of $19.00, another sets a much higher target at $23.50. The standard deviation among these targets is $1.214, indicating differing perspectives.
Understanding the Wisdom of Crowds
The appeal of the average NLY price target lies in its representation of collective analyst sentiment, showcasing a wider consensus rather than a single expert’s view. With NLY surpassing the average target of $21.21 per share, investors are presented with a pivotal moment to reassess their strategies: Is this just a checkpoint towards even higher valuations or should they consider selling portions of their holdings?
| Recent NLY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 7 | 7 | 7 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 5 | 5 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.86 | 1.86 | 1.77 | 1.77 |
Conclusion on Rating Trends
The final average rating in the table above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 means a Strong Sell. All data in this article is sourced from Zacks Investment Research via Quandl.com. Stay tuned for the latest research updates on NLY — available free of charge.
The Top 25 Broker Analyst Picks of the S&P 500 »
Explore More:
Institutional Holders of MCRI
SPXX Historical Stock Prices
BDSI Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
