Where Does Wall Street Think Western Asset Mortgage Capital Corp (WMC) Stock Will Go?

Thursday, December 30, 2021 11:13 AM | InvestorsObserver Analysts

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Where Does Wall Street Think Western Asset Mortgage Capital Corp (WMC) Stock Will Go?

Analysts who follow Western Asset Mortgage Capital Corp (WMC) on average expect it to add 38.25% over the next twelve months. Those same analysts give the stock an average rating of Sell. That average rating earns Western Asset Mortgage Capital Corp an Analyst Ranking of 1, which means it ranks higher than 1 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating WMC a Sell today. Find out what this means to you and get the rest of the rankings on WMC!

See Full WMC Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Western Asset Mortgage Capital Corp Stock Today?

Western Asset Mortgage Capital Corp (WMC) stock has fallen -1.59% while the S&P 500 is up 0.16% as of 11:11 AM on Thursday, Dec 30. WMC is down -$0.03 from the previous closing price of $2.21 on volume of 193,520 shares. Over the past year the S&P 500 is higher by 28.63% while WMC is down -33.23%. WMC lost -$0.42 per share the over the last 12 months. Click Here to get the full Stock Report for Western Asset Mortgage Capital Corp stock.