Ellington Credit Co has a consensus price target of $7.67 based on the ratings of 5 analysts. The high is $9 issued by Credit Suisse on May 16, 2022. The low is $6 issued by UBS on December 6, 2023. The 3 most-recent analyst ratings were released by UBS, Piper Sandler, and Piper Sandler on December 6, 2023, October 3, 2022, and June 28, 2022, respectively. With an average price target of $7.67 between UBS, Piper Sandler, and Piper Sandler, there's an implied 16.51% upside for Ellington Credit Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ellington Credit (NYSE:EARN) was reported by JMP Securities on April 19, 2024. The analyst firm set a price target for $0.00 expecting EARN to fall to within 12 months (a possible -100.00% downside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for Ellington Credit (NYSE:EARN) was provided by JMP Securities, and Ellington Credit reiterated their market perform rating.
There is no last upgrade for Ellington Credit
The last downgrade for Ellington Credit Co happened on April 1, 2022 when JMP Securities changed their price target from N/A to N/A for Ellington Credit Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ellington Credit, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ellington Credit was filed on April 19, 2024 so you should expect the next rating to be made available sometime around April 19, 2025.
While ratings are subjective and will change, the latest Ellington Credit (EARN) rating was a reiterated with a price target of $0.00 to $0.00. The current price Ellington Credit (EARN) is trading at is $6.58, which is out of the analyst’s predicted range.
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