Ellington Financial Inc. – Consensus Indicates Potential 11.3% Upside

Broker Ratings

Ellington Financial Inc. with ticker code (EFC) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 20 and 18.5 with the average target price sitting at 19.38. With the stocks previous close at 17.42 this indicates there is a potential upside of 11.3%. The 50 day MA is 18.02 and the 200 day MA is 18.07. The company has a market capitalisation of $750m. You can visit the company’s website by visiting: http://www.ellingtonfinancial.com

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.

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