Invesco Mortgage Capital Surpasses Analyst Target Price of $7.82/share

Invesco Mortgage Capital Inc's (IVR) stock price has crossed above the average analyst 12-month target price of $7.82, changing hands for $7.83/share. There are 3 analyst targets within the Zacks coverage universe contributing to the average. The standard deviation is $1.025. Analysts have given IVR a mixed rating, with 1 strong buy, 0 buy, 5 hold, 1 sell, and 0 strong sell ratings.

Invesco Mortgage Capital Inc's (IVR) stock price has crossed above the average analyst 12-month target price of $7.82, changing hands for $7.83 per share [1]. This movement comes as a result of a mixed rating landscape from analysts, with 1 strong buy, 0 buy, 5 hold, 1 sell, and 0 strong sell ratings [1]. The average target price is derived from 3 analyst targets within the Zacks coverage universe, with a standard deviation of $1.025 [1].

The stock's recent performance suggests that investors may be optimistic about the company's future prospects, despite the mixed analyst ratings. However, it is essential to consider the broader market conditions and the specific factors driving IVR's stock price movement.

Investors should closely monitor IVR's earnings reports and other key financial metrics to gauge the company's performance and make informed investment decisions. Additionally, keeping an eye on the consensus ratings and price targets provided by Wall Street analysts can offer valuable insights into the stock's potential direction.

For the latest news and ratings for IVR and its competitors, consider subscribing to MarketBeat's email updates [1].

References:
[1] https://www.marketbeat.com/stocks/NYSE/IVR/forecast/