Great Ajax Corp (AJX) Stock Price Hits 52-Week High Today

June 19, 2017 - By Adrian Mccoy

The stock of Great Ajax Corp (NYSE:AJX) hit a new 52-week high and has $14.99 target or 5.00 % above today’s $14.28 share price. The 7 months bullish chart indicates low risk for the $275.97M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $14.99 price target is reached, the company will be worth $13.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 17,361 shares traded. Great Ajax Corp (NYSE:AJX) has risen 0.80% since June 19, 2016 and is uptrending. It has underperformed by 15.90% the S&P500.

Wall Street await Great Ajax Corp (NYSE:AJX) to release earnings on August, 1. Analysts forecast EPS of $0.44, up exactly $0.02 or 4.76 % from 2014’s $0.42 EPS. The expected AJX’s profit could reach $8.50 million giving the stock 8.11 P/E in the case that $0.44 earnings per share is reported. After posting $0.46 EPS for the previous quarter, Great Ajax Corp’s analysts now forecast -4.35 % negative EPS growth.

Great Ajax Corp (NYSE:AJX) Ratings Coverage

Among 5 analysts covering Great Ajax Corp (NYSE:AJX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Great Ajax Corp had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, November 9 by Nomura. The stock of Great Ajax Corp (NYSE:AJX) has “Mkt Outperform” rating given on Thursday, October 20 by JMP Securities. The rating was initiated by Piper Jaffray on Monday, June 20 with “Overweight”. The stock of Great Ajax Corp (NYSE:AJX) earned “Buy” rating by FBR Capital on Friday, April 21. Zacks downgraded Great Ajax Corp (NYSE:AJX) on Friday, August 7 to “Hold” rating.

More notable recent Great Ajax Corp (NYSE:AJX) news were published by: Marketwatch.com which released: “14.55” on November 20, 2013, also Seekingalpha.com with their article: “Great Ajax Corp’s (AJX) CEO Lawrence Mendelsohn on Q1 2017 Results – Earnings …” published on May 03, 2017, Businesswire.com published: “Great Ajax Corp. Announces Pricing of Public Offering of Convertible Notes” on April 20, 2017. More interesting news about Great Ajax Corp (NYSE:AJX) were released by: Seekingalpha.com and their article: “Great Ajax Corp.: The Great, The Not-So-Great, And The Ugly” published on March 07, 2016 as well as Seekingalpha.com‘s news article titled: “IPO Preview: Great Ajax” with publication date: February 13, 2015.

Great Ajax Corp. is an externally managed real estate company. The company has market cap of $275.97 million. The Firm is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. It has a 9.13 P/E ratio. The Company’s segment is focused on non-performing mortgages and re-performing mortgages.

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