What Analysts Are Saying About Ellington Financial Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Ellington Financial (NYSE:EFC), with recent ratings ranging from bullish to bearish. The average 12-month price target is now $13.94, down from $14.75, indicating a 5.49% decrease. The company's financial performance shows a revenue growth of 18.78% over the last 3 months but struggles with net margin, ROE, ROA, and debt management compared to industry benchmarks.
April 19, 2024 | 4:01 pm
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Ellington Financial sees varied analyst ratings and a lowered average price target, indicating potential short-term price pressure. Financial challenges include below-average net margin, ROE, ROA, and high debt-to-equity ratio.
The decrease in the average price target by analysts, combined with Ellington Financial's challenges in maintaining profitability and managing debt, suggests potential short-term negative impact on its stock price. The mixed analyst ratings further contribute to the uncertainty around the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100