Zacks: Ambac Financial Group, Inc. (NASDAQ:AMBC) Given Average Rating of “Hold” by Brokerages

Shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a 12-month consensus target price of $16.50 for the company, according to Zacks. Zacks has also assigned Ambac Financial Group an industry rank of 78 out of 265 based on the ratings given to its competitors.

Separately, BTIG Research restated a “hold” rating on shares of Ambac Financial Group in a research note on Tuesday, November 3rd.

In other news, insider Tavakoli Nader acquired 31,325 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The shares were acquired at an average price of $15.04 per share, for a total transaction of $471,128.00. Following the completion of the purchase, the insider now owns 46,325 shares in the company, valued at $696,728. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Ambac Financial Group (NASDAQ:AMBC) opened at 14.09 on Monday. The stock’s 50 day moving average price is $14.86 and its 200-day moving average price is $16.33. Ambac Financial Group has a 52-week low of $12.72 and a 52-week high of $27.53. The company has a market cap of $634.33 million and a P/E ratio of 1.17.

Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings data on Monday, November 9th. The company reported $3.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $2.87. During the same period in the prior year, the business posted $3.06 EPS. Equities analysts expect that Ambac Financial Group will post $15.87 EPS for the current year.

12 Month Chart for NASDAQ:AMBC

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