Ambac Financial Group (AMBC) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ambac Financial Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMBC shares.
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2 brokers have issued 12-month price objectives for Ambac Financial Group's stock. Their AMBC share price forecasts range from $18.00 to $18.00. On average, they expect the company's stock price to reach $18.00 in the next year. This suggests a possible upside of 41.7% from the stock's current price.
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Ambac Financial Group's stock was trading at $17.44 at the start of the year. Since then, AMBC shares have decreased by 27.2% and is now trading at $12.70.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Ambac Financial Group, Inc. (NYSE:AMBC) released its quarterly earnings results on Tuesday, August, 8th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.13. The firm had revenue of $62 million for the quarter, compared to analyst estimates of $48.80 million. Ambac Financial Group had a trailing twelve-month return on equity of 41.52% and a net margin of 111.98%. During the same quarter in the previous year, the firm earned $0.28 EPS.

Invesco S&P SmallCap Value with Momentum ETF holds 545,868 shares of AMBC stock, representing 1.17% of its portfolio.

Ambac Financial Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 30th 2022, which permits the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Ambac Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMBC."

Ambac Financial Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Repertoire Partners LP (4.95%), Dimensional Fund Advisors LP (4.79%), State Street Corp (3.39%), Geode Capital Management LLC (1.93%), Charles Schwab Investment Management Inc. (1.38%) and Nuveen Asset Management LLC (1.26%). Insiders that own company stock include C James Prieur, Claude Leblanc, David Trick, Lisa G Iglesias and R Sharon Smith.
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Shares of AMBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMBC stock can currently be purchased for approximately $12.70.

Ambac Financial Group (NYSE:AMBC) has a market capitalization of $575.31 million and generates $505 million in revenue each year. The company earns $521 million in net income (profit) each year or $10.25 on an earnings per share basis.

The company employs 155 workers across the globe.

Ambac Financial Group's mailing address is ONE WORLD TRADE CENTER, NEW YORK NY, 10007. The official website for the company is www.ambac.com. The company can be reached via phone at (212) 658-7470, via email at agoldstein@ambac.com, or via fax at 212-208-3414.