BTIG Thinks Ambac Financial’s Stock is Going to Recover

In a report released yesterday, Mark Palmer from BTIG reiterated a Buy rating on Ambac Financial (AMBCResearch Report), with a price target of $26. The company’s shares closed yesterday at $14.54, close to its 52-week low of $14.44.

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 14.1% and a 67.3% success rate. Palmer covers the Financial sector, focusing on stocks such as Radian Group, NMI Holdings, and Green Dot.

Ambac Financial has an analyst consensus of Moderate Buy, with a price target consensus of $20.50.

See today’s analyst top recommended stocks >>

The company has a one-year high of $23.34 and a one-year low of $14.44. Currently, Ambac Financial has an average volume of 297.6K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMBC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ambac Financial Group, Inc. is a financial services holding company, which provides financial guarantee to public and private sectors. It operates through the Financial Guarantee and Financial Services business segments. The Financial Guarantee segment provides financial guarantees for public finance, structured finance, and international obligations.

Leave a Reply

Your email address will not be published. Required fields are marked *