Headlines about Ambac Financial Group (NASDAQ:AMBC) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ambac Financial Group earned a news sentiment score of 0.37 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.6128086745797 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s analysis:
- Ambac Financial Group, Inc. breached its 50 day moving average in a Bearish Manner : AMBC-US : August 18, 2017 (finance.yahoo.com)
- Ambac Financial Group’s (NASDAQ:AMBC) “Buy” Rating Reiterated at BTIG Research (naijaoversabi.com)
- Ambac Financial Group Inc (elcumanes.com)
- See what the IHS Markit Score report has to say about Ambac Financial Group Inc. (finance.yahoo.com)
Shares of Ambac Financial Group (NASDAQ:AMBC) remained flat at $18.18 during mid-day trading on Friday. The stock had a trading volume of 216,061 shares. The stock’s market cap is $822.66 million. The company’s 50 day moving average is $18.92 and its 200-day moving average is $18.91. Ambac Financial Group has a 52 week low of $15.67 and a 52 week high of $27.25.
Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.32. The business had revenue of $172.85 million during the quarter, compared to the consensus estimate of $127.75 million. Ambac Financial Group had a negative net margin of 16.39% and a positive return on equity of 5.74%. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 earnings per share. On average, analysts forecast that Ambac Financial Group will post $0.70 EPS for the current year.
Several brokerages recently commented on AMBC. BTIG Research reaffirmed a “buy” rating and set a $39.00 target price (up previously from $28.00) on shares of Ambac Financial Group in a report on Thursday, May 11th. MKM Partners reaffirmed a “neutral” rating and set a $21.00 target price (up previously from $17.00) on shares of Ambac Financial Group in a report on Tuesday, July 25th.
About Ambac Financial Group
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. It operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.
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