AMBC has been the subject of several other research reports. BTIG Research reiterated a buy rating and issued a $26.00 target price on shares of Ambac Financial Group in a report on Sunday, August 11th. MKM Partners dropped their target price on shares of Ambac Financial Group to $15.00 and set a neutral rating for the company in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $23.00.
Ambac Financial Group stock opened at $19.14 on Friday. Ambac Financial Group has a fifty-two week low of $14.44 and a fifty-two week high of $21.38. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50 day moving average price of $18.79 and a 200 day moving average price of $17.83. The company has a market capitalization of $875.27 million, a PE ratio of 73.90 and a beta of 1.07.
Ambac Financial Group (NASDAQ:AMBC) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.76). Ambac Financial Group had a negative net margin of 78.82% and a positive return on equity of 0.72%. The company had revenue of $89.13 million during the quarter, compared to analyst estimates of $76.49 million. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was down 40.8% on a year-over-year basis.
Large investors have recently bought and sold shares of the business. Bank of Montreal Can grew its stake in shares of Ambac Financial Group by 733.9% in the second quarter. Bank of Montreal Can now owns 4,303 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 3,787 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Ambac Financial Group by 5.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 11,421 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 633 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Ambac Financial Group by 74.6% in the first quarter. BNP Paribas Arbitrage SA now owns 12,621 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 5,393 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Ambac Financial Group in the first quarter worth $239,000. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Ambac Financial Group by 5.6% in the second quarter. Crossmark Global Holdings Inc. now owns 14,800 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 82.19% of the company’s stock.
Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.
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